Stock Buzzer: Power REIT Stock Rise in Q2 2016 Driven by Institutional Investors

November 21, 2016 - By Nellie Frank   ·   0 Comments

Stock Buzzer: Power REIT Stock Rise in  Q2 2016 Driven by Institutional Investors

Sentiment for Power REIT (NYSEMKT:PW)

Power REIT (NYSEMKT:PW) institutional sentiment increased to 4 in Q2 2016. Its up 1.50, from 2.5 in 2016Q1. The ratio has improved, as 5 hedge funds increased and started new equity positions, while 2 cut down and sold their holdings in Power REIT. The hedge funds in our partner’s database now possess: 131,118 shares, up from 129,996 shares in 2016Q1. Also, the number of hedge funds holding Power REIT in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 1 Increased: 2 New Position: 3.

Power REIT is a real estate investment trust that holds, develops, acquires and manages real estate assets related to transportation and energy infrastructure in the United States. The company has a market cap of $14.60 million. The Company, within the transportation and energy infrastructure sectors, is focused on making new acquisitions of real estate that are or will be leased to renewable energy generation projects, such as utility-scale solar farms and wind farms. It currently has negative earnings. It is structured as a holding firm and owns its assets through its subsidiaries.

About 5,972 shares traded hands or 41.65% up from the average. Power REIT (NYSEMKT:PW) has risen 65.98% since April 19, 2016 and is uptrending. It has outperformed by 62.12% the S&P500.

According to Zacks Investment Research, “Pittsburgh & West Virginia Railroad is a business trust organized for the purpose of leasing railroad properties to Norfolk Southern Corporation (NSC). The leased properties consist of a railroad line 112 miles in length, extending from Connellsville, Washington, and Allegheny Counties in the Commonwealth of Pennsylvania; Brooke County in the State of West Virginia, and Jefferson and Harrison Counties in Ohio.”

Power REIT (NYSEMKT:PW) Ratings Coverage

Ratings analysis reveals 0 of Power REIT’s analysts are positive. Out of 2 Wall Street analysts rating Power REIT, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. PW was included in 2 notes of analysts from June 14, 2016. The stock has “Hold” rating given by Desjardins Securities on Tuesday, June 14. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, June 27.

PW Company Profile

Power REIT, incorporated on August 26, 2011, is a real estate investment trust (REIT) that holds, develops, acquires and manages real estate assets related to transportation and energy infrastructure in the United States. The Company, within the transportation and energy infrastructure sectors, is focused on making new acquisitions of real estate that are or will be leased to renewable energy generation projects, such as utility-scale solar farms and wind farms. The Firm is structured as a holding firm and owns its assets through its subsidiaries. The Company’s assets include approximately 112 miles of railroad infrastructure and related real estate, which is owned by its subsidiary Pittsburgh & West Virginia Railroad (P&WV) and approximately 601 acres of fee simple land leased to a range of solar power generating projects with an aggregate generating capacity of approximately 108 Megawatts (MW). It is engaged in expanding its portfolio of real estate related to renewable energy generation projects, and is focused on investment opportunities that qualify for REIT ownership within solar, wind, hydroelectric, geothermal, transmission and other infrastructure projects.

More notable recent Power REIT (NYSEMKT:PW) news were published by: Forbes.com which released: “UPDATED: Another Chance To Buy Power REIT On The Cheap” on June 03, 2013, also Seekingalpha.com with their article: “Power REIT: Not The Way I’d Want To Invest In Renewable Power” published on April 29, 2015, Seekingalpha.com published: “Power REIT: End Of Lawsuit Creates Tremendous Buying Opportunity (PW)” on April 25, 2015. More interesting news about Power REIT (NYSEMKT:PW) were released by: Streetinsider.com and their article: “Power REIT (PW) Claims Dismissed in NSC Litigation” published on April 22, 2015 as well as Foxbusiness.com‘s news article titled: “What Healthcare REITs Do, and Why You Might Want to Invest in Them” with publication date: November 20, 2016.

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By Nellie Frank


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