Power REIT (NYSEMKT:PW) CEO David H. Lesser purchased 2,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were acquired at an average price of $6.14 per share, for a total transaction of $12,280.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Power REIT (NYSEMKT PW) opened at 6.0621 on Tuesday. Power REIT has a one year low of $6.00 and a one year high of $9.46. The company’s 50-day moving average is $6.48 and its 200 day moving average is $7.10.
Separately, ValuEngine downgraded shares of Power REIT from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st.
An institutional investor recently raised its position in Power REIT stock. Renaissance Technologies LLC lifted its stake in shares of Power REIT (NYSEMKT:PW) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,300 shares of the financial services provider’s stock after buying an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned about 1.25% of Power REIT worth $148,000 at the end of the most recent reporting period.
Power REIT Company Profile
Power REIT is a real estate investment trust (REIT) that holds, develops, acquires and manages real estate assets related to transportation and energy infrastructure in the United States. The Company, within the transportation and energy infrastructure sectors, is focused on making new acquisitions of real estate that are or will be leased to renewable energy generation projects, such as utility-scale solar farms and wind farms.
Receive News & Ratings for Power REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power REIT and related companies with our FREE daily email newsletter.