Power REIT (NYSE:PW) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Power REIT (NYSE:PW) in a research report sent to investors on Tuesday. The firm issued a hold rating on the stock.

Power REIT Stock Performance

Shares of NYSE PW opened at $0.51 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. Power REIT has a 12 month low of $0.50 and a 12 month high of $3.47. The stock has a 50 day moving average of $0.62 and a 200-day moving average of $0.64. The company has a market capitalization of $1.73 million, a P/E ratio of -0.12 and a beta of 1.02.

Institutional Trading of Power REIT

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Power REIT by 313.2% in the 3rd 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 in the last quarter. Vident Investment Advisory LLC raised its holdings in Power REIT by 66.2% in the 1st quarter. Vident Investment Advisory LLC now owns 6,769 shares of the company’s stock valued at $267,000 after acquiring an additional 2,697 shares in the last quarter. State Street Corp raised its holdings in Power REIT by 11.5% in the 1st quarter. State Street Corp now owns 8,362 shares of the company’s stock valued at $329,000 after acquiring an additional 862 shares in the last quarter. Captrust Financial Advisors acquired a new position in Power REIT in the 2nd quarter valued at $128,000. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $151,000 after acquiring an additional 700 shares in the last quarter. 14.65% of the stock is currently owned by institutional investors.

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.