Shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $35.33.

CORR has been the subject of several research reports. ValuEngine cut CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Bank of America Corporation cut CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a research report on Monday, June 26th. Finally, Zacks Investment Research cut CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.

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Shares of CorEnergy Infrastructure Trust (NYSE:CORR) opened at 35.09 on Wednesday. The stock has a market cap of $417.64 million, a price-to-earnings ratio of 14.51 and a beta of 2.10. The stock’s 50 day moving average is $33.30 and its 200-day moving average is $34.49. CorEnergy Infrastructure Trust has a 12-month low of $23.21 and a 12-month high of $37.25.

Hedge funds have recently made changes to their positions in the stock. Atwood & Palmer Inc. purchased a new position in CorEnergy Infrastructure Trust in the 2nd quarter valued at about $101,000. Legal & General Group Plc grew its holdings in shares of CorEnergy Infrastructure Trust by 0.9% during the second quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock worth $108,000 after buying an additional 30 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of CorEnergy Infrastructure Trust during the second quarter worth about $205,000. Voya Investment Management LLC purchased a new stake in shares of CorEnergy Infrastructure Trust during the second quarter worth about $221,000. Finally, American International Group Inc. grew its holdings in shares of CorEnergy Infrastructure Trust by 7.1% during the first quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock worth $249,000 after buying an additional 487 shares in the last quarter. 64.23% of the stock is owned by hedge funds and other institutional investors.

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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