Price Action Report: Power REIT on Focus After Trading At 52-Week Highs

Price Action Report: Power REIT on Focus After Trading At 52 Week Highs

The stock of Power REIT (NYSEMKT:PW) hit a new 52-week high and has $13.73 target or 58.00% above today’s $8.69 share price. The 6 months bullish chart indicates low risk for the $15.51M company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $13.73 price target is reached, the company will be worth $9.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Power REIT (NYSEMKT:PW) has risen 89.28% since February 29, 2016 and is uptrending. It has outperformed by 77.06% the S&P500.

Power REIT (NYSEMKT:PW) Ratings Coverage

Out of 2 analysts covering Power REIT (NYSEMKT:PW), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Power REIT has been the topic of 2 analyst reports since June 14, 2016 according to StockzIntelligence Inc. As per Tuesday, June 14, the company rating was upgraded by Desjardins Securities. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Monday, June 27.

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.”

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 Thestreet.com‘s news article titled: “Hannon Armstrong: The Most Promising REIT You Can Find” with publication date: September 21, 2016.

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.

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