TheStreet Lowers Power REIT (NYSEAMERICAN:PW) to C+

Power REIT (NYSEAMERICAN:PWGet Rating) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.

Separately, Aegis lowered their target price on Power REIT from $86.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, April 5th.

NYSEAMERICAN PW opened at $28.38 on Wednesday. The company has a market capitalization of $95.58 million, a P/E ratio of 17.41 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 11.15 and a current ratio of 11.15. Power REIT has a one year low of $28.02 and a one year high of $81.99.

A number of institutional investors have recently made changes to their positions in PW. AdvisorShares Investments LLC lifted its stake in Power REIT by 41.6% during the fourth quarter. AdvisorShares Investments LLC now owns 357,027 shares of the financial services provider’s stock worth $24,596,000 after purchasing an additional 104,922 shares during the last quarter. Mariner Investment Group LLC raised its holdings in shares of Power REIT by 621.8% during the fourth quarter. Mariner Investment Group LLC now owns 62,135 shares of the financial services provider’s stock worth $4,280,000 after purchasing an additional 53,527 shares during the period. BlackRock Inc. lifted its position in shares of Power REIT by 155.3% in the 4th quarter. BlackRock Inc. now owns 25,106 shares of the financial services provider’s stock worth $1,729,000 after buying an additional 15,272 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Power REIT by 14.7% in the 4th quarter. Renaissance Technologies LLC now owns 105,301 shares of the financial services provider’s stock valued at $7,254,000 after buying an additional 13,505 shares during the period. Finally, EAM Investors LLC bought a new stake in shares of Power REIT during the 3rd quarter valued at about $558,000. 41.71% of the stock is owned by hedge funds and other institutional investors.

Power REIT Company Profile (Get Rating)

Power REIT is a real estate investment trust (REIT) that owns real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation. Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture.

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