Power REIT (NYSE:PW) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Power REIT (NYSE:PW) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Power REIT Trading Down 1.0 %

NYSE PW opened at $0.55 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $1.86 million, a price-to-earnings ratio of -0.12 and a beta of 1.02. The company’s 50-day simple moving average is $0.62 and its two-hundred day simple moving average is $0.64. Power REIT has a one year low of $0.50 and a one year high of $3.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PW. Price T Rowe Associates Inc. MD grew its position in shares of 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 worth $151,000 after buying an additional 700 shares during the last quarter. State Street Corp grew its position in shares of Power REIT by 11.5% in the 1st quarter. State Street Corp now owns 8,362 shares of the company’s stock worth $329,000 after buying an additional 862 shares during the last quarter. Royal Bank of Canada grew its position in shares of Power REIT by 313.2% in the 3rd quarter. Royal Bank of Canada now owns 3,099 shares of the company’s stock worth $33,000 after buying an additional 2,349 shares during the last quarter. Vident Investment Advisory LLC grew its position in shares of Power REIT by 66.2% in the 1st quarter. Vident Investment Advisory LLC now owns 6,769 shares of the company’s stock worth $267,000 after buying an additional 2,697 shares during the last quarter. Finally, Vanguard Group Inc. grew its position 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 worth $4,684,000 after buying an additional 3,137 shares during the last quarter. Hedge funds and other institutional investors own 14.65% of the company’s stock.

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.