Power REIT (NYSE:PW) Coverage Initiated at Wall Street Zen

Equities research analysts at Wall Street Zen initiated coverage on shares of Power REIT (NYSE:PW) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the stock.

Power REIT Trading Up 2.5%

Shares of PW stock opened at $1.16 on Wednesday. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $3.93 million, a P/E ratio of -0.16 and a beta of 1.53. The company has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.19. Power REIT has a fifty-two week low of $0.60 and a fifty-two week high of $2.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC purchased a new position in shares of Power REIT (NYSE:PW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.72% of Power REIT as of its most recent SEC filing. 14.65% of the stock is currently owned by institutional investors and hedge funds.

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.