Power REIT (NYSE:PW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Power REIT (NYSE:PW) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Power REIT Price Performance

PW opened at $0.51 on Tuesday. The company has a fifty day moving average price of $0.61 and a two-hundred day moving average price of $0.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.30. Power REIT has a 52 week low of $0.50 and a 52 week high of $3.32. The firm has a market capitalization of $1.73 million, a PE ratio of -0.12 and a beta of 1.02.

Institutional Trading of Power REIT

A number of institutional investors have recently bought and sold shares of PW. Renaissance Technologies LLC grew its holdings in shares of Power REIT by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 119,696 shares of the company’s stock valued at $1,524,000 after buying an additional 7,600 shares during the period. Vanguard Group Inc. grew its holdings in shares of Power REIT by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 118,904 shares of the company’s stock valued at $4,684,000 after buying an additional 3,137 shares during the period. Citadel Advisors LLC acquired a new position in shares of Power REIT in the 2nd quarter valued at $198,000. Millennium Management LLC acquired a new position in shares of Power REIT in the 4th quarter valued at $61,000. Finally, Jane Street Group LLC acquired a new position in shares of Power REIT in the 2nd quarter valued at $165,000. Institutional investors and hedge funds own 14.65% of the company’s stock.

Power REIT Company Profile

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.