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Power REIT (PW)

NYSEAMERICAN: PW · IEX Real-Time Price · USD
52.71 0.61 (1.17%)
Oct 21, 2021 1:50 PM EDT - Market open
Market Cap173.10M
Revenue (ttm)6.60M
Net Income (ttm)3.62M
Shares Out3.31M
EPS (ttm)1.42
PE Ratio37.25
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume12,403
Open52.50
Previous Close52.10
Day's Range52.50 - 53.99
52-Week Range17.78 - 59.95
Beta0.12
AnalystsStrong Buy
Price Target63.00 (+19.5%)
Est. Earnings DateOct 27, 2021

About PW

Power REIT is a real estate investment trust (REIT) that owns real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation. Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture.

IndustryEquity Real Estate Investment Trusts (REITs)
CEODavid Lesser
Employees3
Stock ExchangeNYSEAMERICAN
Ticker SymbolPW
Full Company Profile

Financial Performance

In 2020, Power REIT's revenue was $4.27 million, an increase of 95.92% compared to the previous year's $2.18 million. Earnings were $2.17 million, an increase of 129.37%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for Power REIT stock is "Strong Buy" and the 12-month stock price forecast is 63.00.

Price Target
$63.00
(19.52% upside)
Analyst Consensus: Strong Buy

News

2 Interesting Cannabis Stocks To Watch Right Now In 2021

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Top Cannabis Stocks To Buy Long Term? 2 Pot Stocks With A Dividend For Shareholders

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1 month ago - MarijuanaStocks

Power REIT Acquires 556,146 Square Foot Cannabis Greenhouse Cultivation and Processing Facility for $18.4 Million in ...

The Greenhouse will be the Largest Cannabis Cultivation Facility in Michigan and one of the Largest in the United States

1 month ago - GlobeNewsWire

Acquisitions Drive Significant Year-Over-Year Growth

Net Income Per Share Increased 148%

2 months ago - GlobeNewsWire

Power REIT Expands its Colorado Controlled Environment Agriculture Footprint in Highly Accretive Transaction

Old Bethpage, New York, June 21, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 10-acre property in Crowley County, C...

4 months ago - GlobeNewsWire

Power REIT's Shares Plummet On Its Oklahoma Debut With New Greenhouse Cultivation Facility

Power REIT (NYSE-AMEX: PW) confirmed Friday it has bought a 9.35-acre property in Craig County, Oklahoma via its subsidiary PropCo for a total of $2.65 million. The property is based in northeast Oklaho...

4 months ago - Benzinga

Power REIT Acquires Greenhouse Cultivation Facility in Budding Oklahoma Market in Highly Accretive Transaction

Old Bethpage, New York, June 11, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 9.35-acre property in Craig County, O...

4 months ago - GlobeNewsWire

1 Unexpected Player Has Plans to Conquer a Burgeoning Pot Market

Cannabis is providing a new lease on life for real estate investment trusts.

4 months ago - The Motley Fool

12 Cannabis Stocks That Lit Up Wall Street This Week

Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks last week and look ahead to how the cannabis industry continues t...

4 months ago - Schaeffers Research

Power REIT inks $18.5M deal to buy a Michigan cannabis greenhouse facility

Power REIT (NYSEAMERICAN:PW) announced it has signed an agreement to acquire 522,530 square feet (sq ft) of high-tech greenhouse and cannabis processing space in Michigan for a purchase price of about $...

4 months ago - Proactive Investors

Power REIT Signs Agreement to Acquire 522,530 Square Foot Greenhouse Cultivation and Processing Facility for $18.5 Mi...

Greenhouse w ill b e O perated as a Michigan Regulated Cannabis Cultivation and Processing Facility and will be the Largest of its kind in Michigan and one of the Largest in the Unite d States

4 months ago - GlobeNewsWire

Power REIT buys 35-acre Colorado property for cannabis cultivation and processing through a subsidiary

Power REIT (NYSEAMERICAN:PW) said it has acquired a 35-acre property located in southern Colorado, through a wholly-owned subsidiary, that it plans to use for cannabis cultivation and processing. The pr...

4 months ago - Proactive Investors

Power REIT Acquires Southern Colorado Greenhouse Cultivation and Processing Facility in Highly Accretive Transaction

Old Bethpage, New York, May 24, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 35-acre property located in Huerfano C...

4 months ago - GlobeNewsWire

Power REIT is generating predictable cash flow from its sustainable cannabis and food cultivation land investments

Predictable cash flow from long term triple net leased real estate Attractive funds from operations (FFO) multiple Sustainable pipeline of potential acquisitions What Power REIT does: Power REIT (NYSEAM...

5 months ago - Proactive Investors

Power REIT 1Q earnings per share surge 275% as acquisitions lift results

Power REIT (NYSEAMERICAN:PW) has reported first-quarter 2021 earnings per share of $0.33, a 275% year-over-year increase as the company continued to make accretive acquisitions to boost its bottom line....

5 months ago - Proactive Investors

Acquisitions Drive Year-Over-Year Growth

Net Income Per Share Increased 267% - Core FFO Per Share Increased 142%

5 months ago - GlobeNewsWire

Power REIT buys Colorado properties for sustainable cannabis cultivation

Power REIT (NYSEAMERICAN:PW) announced that it has acquired 4.0 acres of land, consisting of two adjacent property parcels, in Crowley County, Colorado through its wholly-owned PropCo subsidiary for sus...

6 months ago - Proactive Investors

Power REIT Acquires Properties in Colorado for Greenhouse Cannabis Cultivation in Highly Accretive Transaction

Enters into Long-Term Lease with Cloud Nine Farms – a Minority Owned Business

6 months ago - GlobeNewsWire

Power REIT 4Q revenue surges 121% to $1.4M as accretive acquisitions pay off

Power REIT (NYSEAMERICAN:PW) saw its 4Q revenue climb 121% year-over-year to $1.4 million as accretive acquisitions boosted both the company's top and bottom lines.  Power REIT's Funds From Operations (...

6 months ago - Proactive Investors

POWER REIT PROVIDES UPDATE ON FOURTH QUARTER AND FULL YEAR 2020 FINANCIAL AND OPERATING RESULTS

Old Bethpage – New York, March 24, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE - American: PW and PW.PRA) (“Power REIT” or the “Trust”), with a focused “Triple Bottom Line” commitment to profit, planet, a...

6 months ago - GlobeNewsWire

Power REIT inks deal to acquire 2.2 acres for greenhouse cannabis cultivation in Colorado

Power REIT (NYSEAMERICAN:PW) announced Friday it had acquired an additional 2.2 acres in Colorado for greenhouse cannabis cultivation. The specialized real estate investment trust said the land parcel i...

7 months ago - Proactive Investors

Power REIT Acquires Property in Colorado for Greenhouse Cannabis Cultivation in Highly Accretive Transaction

Old Bethpage, New York, March 12, 2021 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired an additional 2.2 acre parcel in Crowl...

7 months ago - GlobeNewsWire

If I Could Only Buy 1 Stock, This Would Be It

The case for Innovative Industrial Properties.

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