StockNews.com began coverage on shares of Power REIT (NYSE:PW – Get Rating) in a report issued on Sunday. The brokerage issued a hold rating on the stock.
Power REIT Stock Performance
Shares of PW opened at $2.63 on Friday. The stock has a market capitalization of $8.92 million, a price-to-earnings ratio of 3.55 and a beta of 1.00. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.27 and a current ratio of 1.27. Power REIT has a fifty-two week low of $2.51 and a fifty-two week high of $26.10.
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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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