CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “CorEnergy Infrastructure Trust, Inc. seeks to invest primarily in the U.S. energy infrastructure sector. It seeks to acquire midstream and downstream U.S. energy infrastructure assets and concurrently enter into long-term triple net leases with energy companies. These assets may include pipelines, storage tanks, transmission lines and gathering systems, among others. CorEnergy Infrastructure Trust, Inc., formerly known as Tortoise Capital Resources Corporation, is based in United States. “

CORR has been the topic of a number of other reports. Bank of America Corporation cut shares of CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a research note on Monday, June 26th. BidaskClub upgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine cut shares of CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $37.00 price objective (up from $30.00) on shares of CorEnergy Infrastructure Trust in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.60.

Shares of CorEnergy Infrastructure Trust (CORR) traded down 0.45% during trading on Monday, reaching $35.17. 59,617 shares of the company’s stock were exchanged. CorEnergy Infrastructure Trust has a 52 week low of $23.21 and a 52 week high of $37.25. The stock has a market capitalization of $418.31 million, a PE ratio of 14.06 and a beta of 2.05. The company’s 50-day moving average is $34.52 and its 200 day moving average is $34.97.

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In other CorEnergy Infrastructure Trust news, CEO David J. Schulte purchased 1,000 shares of the company’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of $32.89 per share, for a total transaction of $32,890.00. Following the completion of the transaction, the chief executive officer now owns 21,010 shares in the company, valued at $691,018.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of CORR. Tiedemann Wealth Management LLC acquired a new stake in shares of CorEnergy Infrastructure Trust during the first quarter valued at approximately $236,000. American International Group Inc. increased its stake in CorEnergy Infrastructure Trust by 7.1% in the first quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock valued at $249,000 after buying an additional 487 shares during the last quarter. SG Americas Securities LLC increased its stake in CorEnergy Infrastructure Trust by 60.6% in the first quarter. SG Americas Securities LLC now owns 8,241 shares of the asset manager’s stock valued at $278,000 after buying an additional 3,111 shares during the last quarter. Globeflex Capital L P increased its stake in CorEnergy Infrastructure Trust by 17,834.0% in the first quarter. Globeflex Capital L P now owns 8,967 shares of the asset manager’s stock valued at $303,000 after buying an additional 8,917 shares during the last quarter. Finally, Wedbush Securities Inc. increased its stake in CorEnergy Infrastructure Trust by 7.8% in the first quarter. Wedbush Securities Inc. now owns 9,742 shares of the asset manager’s stock valued at $329,000 after buying an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 69.96% of the company’s stock.

About CorEnergy Infrastructure Trust

CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets.

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