Power REIT (NYSE:PW) Stock Price Down 2.2% – Here’s Why

Power REIT (NYSE:PW) shares dropped 2.2% during trading on Friday . The stock traded as low as $9.20 and last traded at $9.0550. 6,239 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 8,699 shares. The stock had previously closed at $9.26.

Power REIT Price Performance

The company has a debt-to-equity ratio of 15.62, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $8.58. The company has a market capitalization of $3.32 million, a P/E ratio of -1.28 and a beta of 1.32.

Institutional Trading of Power REIT

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

About Power REIT

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.