Corenergy Infrastructure Trust Inc Announces Quarterly Dividend of $0.13 (CORR)
Corenergy Infrastructure Trust (NASDAQ:CORR) announced a quarterly dividend on Wednesday, September 18th, StockRatingsNetwork reports. Investors of record on Monday, September 30th will be paid a dividend of $0.125 per share on Friday, October 4th. This represents a $0.50 annualized dividend and a dividend yield of 6.96%.
On a related note, analysts at Zacks downgraded shares of Corenergy Infrastructure Trust (NASDAQ:CORR) to a “neutral” rating in a research note to investors on Thursday, August 15th. They now have a $8.10 price target on the stock.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Corenergy Infrastructure Trust presently has a consensus rating of “Hold” and an average target price of $7.70.
Corenergy Infrastructure Trust (NASDAQ:CORR) traded up 0.42% on Wednesday, hitting $7.18. 11,796 shares of the company’s stock traded hands. Corenergy Infrastructure Trust has a 52-week low of $5.60 and a 52-week high of $9.33. The stock’s 50-day moving average is $7.33 and its 200-day moving average is $7.37. The company has a market cap of $173.4 million and a P/E ratio of 5.32.
CorEnergy Infrastructure Trust, Inc, formerly Tortoise Capital Resources Corporation, is an energy infrastructure asset financing company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.