Power REIT (NYSE:PW) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Power REIT (NYSE:PW) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

Power REIT Stock Performance

NYSE:PW opened at $0.51 on Tuesday. The firm has a market cap of $1.73 million, a PE ratio of -0.12 and a beta of 1.02. The business has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.64. Power REIT has a fifty-two week low of $0.50 and a fifty-two week high of $3.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.30.

Institutional Investors Weigh In On Power REIT

Several large investors have recently bought and sold shares of PW. Vanguard Group Inc. raised its stake in shares of Power REIT by 2.7% in the first quarter. Vanguard Group Inc. now owns 118,904 shares of the company’s stock worth $4,684,000 after buying an additional 3,137 shares during the period. Renaissance Technologies LLC raised its position in shares of Power REIT by 6.5% during the 1st quarter. Renaissance Technologies LLC now owns 112,096 shares of the company’s stock valued at $4,415,000 after purchasing an additional 6,795 shares during the period. Vident Investment Advisory LLC boosted its holdings in Power REIT by 66.2% in the 1st quarter. Vident Investment Advisory LLC now owns 6,769 shares of the company’s stock worth $267,000 after buying an additional 2,697 shares during the period. State Street Corp increased its stake in Power REIT by 11.5% in the 1st quarter. State Street Corp now owns 8,362 shares of the company’s stock worth $329,000 after buying an additional 862 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Power REIT during the second quarter worth about $198,000. 14.65% of the stock is currently owned by institutional investors.

Power REIT Company Profile

Power REIT, with a focus on the Triple Bottom Line and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.