StockNews.com Begins Coverage on Power REIT (NYSE:PW)

StockNews.com initiated coverage on shares of Power REIT (NYSE:PW – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Power REIT Price Performance

NYSE:PW opened at $2.24 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.05. The stock has a market cap of $7.59 million, a price-to-earnings ratio of 3.03 and a beta of 1.00. Power REIT has a 52 week low of $1.91 and a 52 week high of $25.08.

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.