Power REIT (NYSEAMERICAN:PW) Stock Price Passes Below 200 Day Moving Average of $5.24

Power REIT (NYSEAMERICAN:PW – Get Rating) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.24 and traded as low as $2.21. Power REIT shares last traded at $2.27, with a volume of 4,355 shares traded.

Analysts Set New Price Targets

PW has been the topic of several recent analyst reports. TheStreet downgraded shares of Power REIT from a “c-” rating to a “d” rating in a report on Thursday, April 13th. StockNews.com started coverage on shares of Power REIT in a report on Wednesday, April 26th. They set a “hold” rating on the stock.

Power REIT Stock Performance

The firm’s fifty day moving average price is $3.74 and its 200-day moving average price is $5.24. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.68. The company has a market cap of $7.70 million, a P/E ratio of 2.05 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in shares of Power REIT by 6.5% during the 1st quarter. Renaissance Technologies LLC now owns 112,096 shares of the financial services provider’s stock valued at $4,415,000 after acquiring an additional 6,795 shares in the last quarter. State Street Corp boosted its position in shares of Power REIT by 11.5% during the 1st quarter. State Street Corp now owns 8,362 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 862 shares in the last quarter. Vident Investment Advisory LLC boosted its position in shares of Power REIT by 66.2% during the 1st quarter. Vident Investment Advisory LLC now owns 6,769 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 2,697 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Power REIT during the 2nd quarter valued at about $198,000. Finally, Jane Street Group LLC acquired a new position in Power REIT in the second quarter valued at about $165,000. Institutional investors own 36.87% of the company’s stock.

Power REIT Company Profile

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Power REIT is a holding company, which owns a portfolio of real estate assets related to transportation and energy infrastructure. It also expanded its real estate portfolio related to controlled environment agriculture for the cultivation of food and cannabis. The company was founded on August 26, 2011 and is headquartered in Old Bethpage, NY.