CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $35.50.

A number of brokerages have recently issued reports on CORR. BidaskClub upgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. ValuEngine upgraded shares of CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Bank of America Corporation lowered shares of CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a research report on Monday, June 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $37.00 target price (up from $30.00) on shares of CorEnergy Infrastructure Trust in a research report on Wednesday, May 17th.

In related news, CEO David J. Schulte bought 1,000 shares of the stock in a transaction on Monday, June 26th. The shares were bought 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 of the company’s stock, valued at approximately $691,018.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CORR. Legal & General Group Plc raised its position in shares of CorEnergy Infrastructure Trust by 0.9% in the second quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock valued at $108,000 after buying an additional 30 shares during the last quarter. Stifel Financial Corp raised its position in shares of CorEnergy Infrastructure Trust by 0.9% in the second quarter. Stifel Financial Corp now owns 13,172 shares of the asset manager’s stock valued at $443,000 after buying an additional 118 shares during the last quarter. Rhumbline Advisers raised its position in shares of CorEnergy Infrastructure Trust by 1.1% in the second quarter. Rhumbline Advisers now owns 16,455 shares of the asset manager’s stock valued at $553,000 after buying an additional 173 shares during the last quarter. Teachers Advisors LLC raised its position in shares of CorEnergy Infrastructure Trust by 0.9% in the second quarter. Teachers Advisors LLC now owns 21,841 shares of the asset manager’s stock valued at $734,000 after buying an additional 205 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of CorEnergy Infrastructure Trust by 0.3% in the second quarter. New York State Common Retirement Fund now owns 106,244 shares of the asset manager’s stock valued at $3,569,000 after buying an additional 276 shares during the last quarter. Institutional investors own 68.73% of the company’s stock.

Shares of CorEnergy Infrastructure Trust (NYSE CORR) opened at 34.81 on Tuesday. The firm has a 50 day moving average price of $34.72 and a 200-day moving average price of $34.90. The company has a market cap of $414.31 million, a price-to-earnings ratio of 14.39 and a beta of 2.06. CorEnergy Infrastructure Trust has a 12-month low of $23.21 and a 12-month high of $37.25.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.00 annualized dividend and a yield of 8.62%. CorEnergy Infrastructure Trust’s payout ratio is currently 124.48%.

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CorEnergy Infrastructure Trust Company Profile

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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