Power REIT (NYSE:PW) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Power REIT (NYSE:PW) in a research note released on Tuesday. The firm issued a hold rating on the stock.

Power REIT Stock Performance

Shares of Power REIT stock opened at $0.51 on Tuesday. The stock has a market cap of $1.73 million, a price-to-earnings ratio of -0.12 and a beta of 1.02. The firm’s 50-day moving average is $0.61 and its 200 day moving average is $0.63. Power REIT has a 1 year low of $0.50 and a 1 year high of $3.27. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.30 and a quick ratio of 0.30.

Hedge Funds Weigh In On Power REIT

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Power REIT by 313.2% during the 3rd quarter. Royal Bank of Canada now owns 3,099 shares of the company’s stock valued at $33,000 after purchasing an additional 2,349 shares during the last quarter. Millennium Management LLC purchased a new stake in Power REIT in the 4th quarter worth approximately $61,000. Captrust Financial Advisors purchased a new stake in Power REIT in the 2nd quarter worth approximately $128,000. Price T Rowe Associates Inc. MD increased its holdings in Power REIT by 6.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,860 shares of the company’s stock worth $151,000 after acquiring an additional 700 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Power REIT in the 2nd quarter worth approximately $165,000. Hedge funds and other institutional investors own 14.65% of the company’s stock.

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.