Power Reit (PW) Files Form 4 Insider Buying : David H Lesser Buys 334 Shares

Power Reit (PW): David H Lesser , CEO of Power Reit purchased 334 shares on May 20, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.54 per share for a total value of $1,516.36 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 8, 2016, David H Lesser (CEO) purchased 2,530 shares at $4.30 per share price.On Feb 25, 2015, William Susman (director) purchased 900 shares at $9.73 per share price.Also, On Feb 25, 2015, Patrick R Iii Haynes (director) purchased 900 shares at $9.73 per share price.

Shares of Power REIT (PW) ended Friday, May 20, 2016 session in red amid volatile trading. The shares closed down -0.038 points or -0.83% at $4.562 with 921 shares getting traded. Post opening the session at $4.56, the shares hit an intraday low of $4.54 and an intraday high of $4.562 and the price vacillated in this range throughout the day. The company has a market cap of $8.1 M and the number of outstanding shares has been calculated to be 17,84,488 shares. The 52-week high of Power REIT is $6.25 and the 52-week low is $3.8401.

Power REIT Money Flow Index Chart

Power REIT is a real estate investment trust (REIT). The Company 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 Company owns its assets through subsidiaries with one subsidiary owning another subsidiary that have been formed in order to hold real estate assets obtain financing and generate lease revenue. The Company is engaged in expanding its portfolio of real estate related to renewable energy generation projects and focuses on investment opportunities that qualify for REIT ownership within solar wind hydroelectric geothermal transmission and other infrastructure projects.

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