Power Reit (PW): David H Lesser , CEO of Power Reit purchased 500 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.71 per share for a total value of $2,355.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, David H Lesser (CEO) purchased 334 shares at $4.54 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.
Power REIT: On Wednesday, May 25, 2016 heightened volatility was witnessed in Power REIT which led to swings in the share price. The shares opened for trading at $4.9999 and hit $4.9999 on the upside , eventually ending the session at $4.7952, with a gain of 3.12% or 0.1452 points. The heightened volatility saw the trading volume jump to 670 shares. The 52-week high of the share price is $6.25 and the company has a market cap of $8.6 M . The 52-week low of the share price is at $3.8401.
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.