Composite Rating For Power REIT Jumps To 97, As Market Shift Continues

On Wednesday, Power REIT (PW) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.


The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. The market’s biggest winners often have a 95 or higher rating in the early stages of a new price run, so that’s a good starting point when looking for the best stocks to buy and watch.

Power REIT is now out of buy range after breaking out from an 11.30 buy point in a consolidation. Keep in mind that it’s a thinly traded stock, with average daily dollar volume under $8 million.

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The stock sports a 98 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 98% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q3, the company reported 94% EPS growth. Sales growth increased 100%, up from 96% in the prior quarter. The company has now posted increasing growth in each of the last seven quarters.

Power REIT holds the No. 1 rank among its peers in the Finance-Property REITs industry group. Innovative Industrial Properties (IIPR) and Vici Properties (VICI) are also among the group’s highest-rated stocks.


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