Corenergy Infrastructure Trust (CORR) Announces Quarterly Results
Corenergy Infrastructure Trust (NASDAQ:CORR) announced its earnings results on Monday. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01, Analyst Ratings Network reports.
Shares of Corenergy Infrastructure Trust (NASDAQ:CORR) traded up 1.08% on Monday, hitting $7.955. The stock had a trading volume of 55,478 shares. Corenergy Infrastructure Trust has a 52-week low of $6.11 and a 52-week high of $8.54. The stock’s 50-day moving average is $7.8 and its 200-day moving average is $7.08.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Wednesday, August 13th. This is a positive change from Corenergy Infrastructure Trust’s previous quarterly dividend of $0.13.
On the ratings front, analysts at TheStreet upgraded shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th.
CorEnergy Infrastructure Trust, Inc, formerly Tortoise Capital Resources Corporation, is an energy infrastructure asset financing company.
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