Power REIT (NYSE:PW) Shares Down 0.6% – What’s Next?

Shares of Power REIT (NYSE:PW) were down 0.6% on Friday . The stock traded as low as $0.8569 and last traded at $0.8650. Approximately 13,200 shares traded hands during trading, a decline of 77% from the average daily volume of 57,750 shares. The stock had previously closed at $0.8702.

Power REIT Trading Down 0.6%

The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 15.62. The firm has a market cap of $2.93 million, a PE ratio of -0.12 and a beta of 1.61. The company has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $0.98.

Hedge Funds Weigh In On Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Pensionfund Sabic purchased a new position in shares of Power REIT (NYSE:PW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,948 shares of the company’s stock, valued at approximately $26,000. Pensionfund Sabic owned approximately 0.88% of Power REIT at the end of the most recent quarter. Institutional investors own 14.65% of the company’s stock.

Power REIT Company Profile

Power REIT is a real estate investment trust focused on acquiring and managing rural properties that support sustainable energy and agricultural uses. The company’s primary business activities involve purchasing farmland and timberland and granting long-term easements to renewable energy developers and utilities for solar and wind projects. By combining traditional land ownership with energy-transition partnerships, Power REIT seeks to generate stable, lease-based cash flows while preserving the underlying real estate’s value.

The firm’s portfolio includes solar and wind easements on timberland in states such as Virginia, Alabama and Georgia, as well as farmland in the Midwest leased to agricultural operators.