StockNews.com assumed coverage on shares of Power REIT (NYSEAMERICAN:PW – Get Rating) in a research note released on Wednesday morning. The firm issued a hold rating on the financial services provider's stock.

Separately, TheStreet cut Power REIT from a c- rating to a d rating in a research note on Thursday, April 13th.

Power REIT Price Performance

Shares of PW opened at $2.68 on Wednesday. Power REIT has a 12-month low of $2.52 and a 12-month high of $27.82. The business's fifty day moving average is $4.07 and its 200 day moving average is $5.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.68. The stock has a market cap of $9.09 million, a P/E ratio of 2.41 and a beta of 0.86.

Institutional Investors Weigh In On Power REIT

Several large investors have recently added to or reduced their stakes in PW. Renaissance Technologies LLC boosted its position in shares of Power REIT by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 119,696 shares of the financial services provider's stock valued at $1,524,000 after acquiring an additional 7,600 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Power REIT by 2.7% during the first quarter. Vanguard Group Inc. now owns 118,904 shares of the financial services provider's stock valued at $4,684,000 after buying an additional 3,137 shares during the period. Pensionfund DSM Netherlands increased its stake in shares of Power REIT by 75.2% during the first quarter. Pensionfund DSM Netherlands now owns 74,563 shares of the financial services provider's stock valued at $279,000 after buying an additional 31,997 shares during the period. ETF Managers Group LLC grew its stake in Power REIT by 313.0% in the third quarter. ETF Managers Group LLC now owns 21,038 shares of the financial services provider's stock worth $224,000 after purchasing an additional 15,944 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Power REIT in the second quarter worth $198,000. Hedge funds and other institutional investors own 36.87% of the company's stock.

Power REIT Company Profile

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Power REIT is a holding company, which owns a portfolio of real estate assets related to transportation and energy infrastructure. It also expanded its real estate portfolio related to controlled environment agriculture for the cultivation of food and cannabis. The company was founded on August 26, 2011 and is headquartered in Old Bethpage, NY.

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