Analysts forecast that Corenergy Infrastructure Trust Inc (NYSE:CORR) will post earnings per share (EPS) of $1.03 for the current quarter, Zacks reports. Two analysts have made estimates for Corenergy Infrastructure Trust’s earnings. The lowest EPS estimate is $1.01 and the highest is $1.08. Corenergy Infrastructure Trust posted earnings per share of $0.99 during the same quarter last year, which would indicate a positive year over year growth rate of 4%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Corenergy Infrastructure Trust will report full-year earnings of $4.21 per share for the current financial year, with EPS estimates ranging from $4.18 to $4.25. For the next financial year, analysts forecast that the business will report earnings of $4.21 per share, with EPS estimates ranging from $4.04 to $4.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Corenergy Infrastructure Trust.

Corenergy Infrastructure Trust (NYSE:CORR) last released its quarterly earnings results on Wednesday, November 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.50). Corenergy Infrastructure Trust had a return on equity of 7.94% and a net margin of 42.81%.

Several equities research analysts have issued reports on CORR shares. Zacks Investment Research cut shares of Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. BidaskClub cut shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, ValuEngine raised shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.50.

In related news, CEO David J. Schulte acquired 690 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were acquired at an average cost of $37.27 per share, for a total transaction of $25,716.30. Following the acquisition, the chief executive officer now directly owns 21,610 shares in the company, valued at approximately $805,404.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 1,565 shares of company stock worth $58,117. Insiders own 0.99% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Corenergy Infrastructure Trust by 9.0% during the 2nd quarter. Vanguard Group Inc. now owns 611,713 shares of the asset manager’s stock worth $20,548,000 after acquiring an additional 50,263 shares during the period. State Street Corp lifted its holdings in shares of Corenergy Infrastructure Trust by 5.3% during the 2nd quarter. State Street Corp now owns 277,997 shares of the asset manager’s stock worth $9,339,000 after acquiring an additional 14,110 shares during the period. Northern Trust Corp lifted its holdings in shares of Corenergy Infrastructure Trust by 9.7% during the 2nd quarter. Northern Trust Corp now owns 223,968 shares of the asset manager’s stock worth $7,523,000 after acquiring an additional 19,727 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Corenergy Infrastructure Trust by 6.8% during the 3rd quarter. D.A. Davidson & CO. now owns 78,770 shares of the asset manager’s stock worth $2,784,000 after acquiring an additional 5,002 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in shares of Corenergy Infrastructure Trust by 62.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,692 shares of the asset manager’s stock worth $393,000 after acquiring an additional 4,500 shares during the period. Institutional investors and hedge funds own 62.05% of the company’s stock.

Corenergy Infrastructure Trust (CORR) traded down $0.07 during trading on Monday, hitting $38.49. Corenergy Infrastructure Trust has a 1 year low of $31.45 and a 1 year high of $38.90. The firm has a market cap of $458.39, a PE ratio of 16.73, a P/E/G ratio of 3.05 and a beta of 2.11. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35.

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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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