Power REIT (NYSE:PW) Trading Down 0.6% – Should You Sell?

Shares of Power REIT (NYSE:PW) fell 0.6% during trading on Friday . The stock traded as low as $0.8569 and last traded at $0.8650. 13,200 shares changed hands during trading, a decline of 77% from the average session volume of 57,750 shares. The stock had previously closed at $0.8702.

Power REIT Price Performance

The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 15.62. The stock has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $0.98. The firm has a market cap of $2.93 million, a PE ratio of -0.12 and a beta of 1.61.

Institutional Investors Weigh In On Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Pensionfund PDN purchased a new stake in Power REIT (NYSE:PW) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 78,526 shares of the company’s stock, valued at approximately $69,000. Pensionfund PDN owned about 2.32% of Power REIT as of its most recent filing with the SEC. Hedge funds and other institutional investors own 14.65% of the company’s stock.

Power REIT Company Profile

Power REIT is a real estate investment trust focused on acquiring and managing rural properties that support sustainable energy and agricultural uses. The company’s primary business activities involve purchasing farmland and timberland and granting long-term easements to renewable energy developers and utilities for solar and wind projects. By combining traditional land ownership with energy-transition partnerships, Power REIT seeks to generate stable, lease-based cash flows while preserving the underlying real estate’s value.

The firm’s portfolio includes solar and wind easements on timberland in states such as Virginia, Alabama and Georgia, as well as farmland in the Midwest leased to agricultural operators.