StockNews.com initiated coverage on shares of Power REIT (NYSE:PW – Get Free Report) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.
Power REIT Stock Performance
NYSE PW opened at $0.54 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $1.85 million, a price-to-earnings ratio of -0.12 and a beta of 1.02. The firm’s 50 day simple moving average is $0.62 and its 200 day simple moving average is $0.66. Power REIT has a 1 year low of $0.50 and a 1 year high of $3.60.
Institutional Trading of Power REIT
A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new stake in Power REIT in the fourth quarter valued at approximately $61,000. Royal Bank of Canada raised its stake in shares of Power REIT by 313.2% during the third quarter. Royal Bank of Canada now owns 3,099 shares of the company’s stock valued at $33,000 after acquiring an additional 2,349 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Power REIT during the second quarter valued at $128,000. Jane Street Group LLC bought a new position in shares of Power REIT during the second quarter valued at $165,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Power REIT by 6.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,860 shares of the company’s stock valued at $151,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 14.65% of the company’s stock.
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.
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