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

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. “

A number of other research analysts have also commented on the company. Bank of America Corporation lowered CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a report on Monday, June 26th. BidaskClub raised CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, ValuEngine raised CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.33.

Shares of CorEnergy Infrastructure Trust (CORR) traded up 1.92% on Tuesday, reaching $35.63. The company has a market cap of $424.07 million, a price-to-earnings ratio of 14.73 and a beta of 2.09. CorEnergy Infrastructure Trust has a one year low of $23.21 and a one year high of $37.25. The stock has a 50-day moving average price of $33.62 and a 200-day moving average price of $34.56.

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Several large investors have recently added to or reduced their stakes in CORR. Vanguard Group Inc. lifted its position in shares of CorEnergy Infrastructure Trust by 28.6% during the 1st quarter. Vanguard Group Inc. now owns 561,450 shares of the asset manager’s stock valued at $18,965,000 after acquiring an additional 124,879 shares during the period. Renaissance Technologies LLC lifted its position in shares of CorEnergy Infrastructure Trust by 46.5% during the 1st quarter. Renaissance Technologies LLC now owns 341,500 shares of the asset manager’s stock valued at $11,536,000 after acquiring an additional 108,471 shares during the period. Ameriprise Financial Inc. lifted its position in shares of CorEnergy Infrastructure Trust by 46.5% during the 1st quarter. Ameriprise Financial Inc. now owns 157,474 shares of the asset manager’s stock valued at $5,320,000 after acquiring an additional 49,994 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of CorEnergy Infrastructure Trust by 9.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 607,114 shares of the asset manager’s stock valued at $20,509,000 after acquiring an additional 49,994 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of CorEnergy Infrastructure Trust by 30.0% during the 1st quarter. Prudential Financial Inc. now owns 197,533 shares of the asset manager’s stock valued at $6,673,000 after acquiring an additional 45,620 shares during the period. Hedge funds and other institutional investors own 64.23% 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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