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

Analysts at StockNews.com started coverage on shares of Power REIT (NYSE:PW) in a report issued on Wednesday. The brokerage set a “sell” rating on the stock.

Power REIT Price Performance

Shares of PW stock opened at $1.18 on Wednesday. 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 market cap of $4.00 million, a P/E ratio of -0.17 and a beta of 1.63. The stock has a 50 day moving average of $1.16 and a 200 day moving average of $1.19. Power REIT has a twelve month low of $0.40 and a twelve month high of $2.75.

Hedge Funds Weigh In On Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC purchased a new stake in shares of Power REIT (NYSE:PW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned about 0.72% of Power REIT at the end of the most recent reporting period. 14.65% of the stock is currently owned by institutional investors and hedge funds.

About Power REIT

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.