Analysts Anticipate Corenergy Infrastructure Trust Inc (CORR) Will Announce Quarterly Sales of $21.54 Million

Equities analysts expect Corenergy Infrastructure Trust Inc (NYSE:CORR) to post sales of $21.54 million for the current quarter, according to Zacks. Two analysts have issued estimates for Corenergy Infrastructure Trust’s earnings, with the lowest sales estimate coming in at $20.17 million and the highest estimate coming in at $22.91 million. Corenergy Infrastructure Trust reported sales of $22.82 million during the same quarter last year, which indicates a negative year-over-year growth rate of 5.6%. The company is expected to issue its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Corenergy Infrastructure Trust will report full-year sales of $21.54 million for the current year, with estimates ranging from $82.09 million to $89.26 million. For the next fiscal year, analysts forecast that the firm will post sales of $87.29 million per share, with estimates ranging from $80.97 million to $92.91 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Corenergy Infrastructure Trust.

Corenergy Infrastructure Trust (NYSE:CORR) last released its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.50). Corenergy Infrastructure Trust had a return on equity of 9.08% and a net margin of 38.06%.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, January 3rd. ValuEngine downgraded shares of Corenergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, BidaskClub raised shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. One equities research 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. Corenergy Infrastructure Trust presently has a consensus rating of “Hold” and a consensus price target of $37.50.

Shares of Corenergy Infrastructure Trust (NYSE:CORR) opened at $38.26 on Wednesday. The company has a market cap of $458.39, a PE ratio of 16.63, a P/E/G ratio of 3.05 and a beta of 2.10. Corenergy Infrastructure Trust has a fifty-two week low of $31.45 and a fifty-two week high of $39.42. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.35.

In other Corenergy Infrastructure Trust news, CEO David J. Schulte purchased 690 shares of Corenergy Infrastructure Trust stock in a transaction on Tuesday, January 9th. The shares were bought at an average price of $37.27 per share, with a total value of $25,716.30. Following the completion of the acquisition, the chief executive officer now directly owns 21,610 shares of the company’s stock, valued at $805,404.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 1,565 shares of company stock worth $58,117 in the last ninety days. Insiders own 0.99% of the company’s stock.

Several large investors have recently bought and sold shares 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. Voya Investment Management LLC acquired a new position in shares of Corenergy Infrastructure Trust in the second quarter valued at approximately $221,000. Cetera Investment Advisers acquired a new position in shares of Corenergy Infrastructure Trust in the second quarter valued at approximately $280,000. First Trust Advisors LP acquired a new position in shares of Corenergy Infrastructure Trust in the third quarter valued at approximately $332,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Corenergy Infrastructure Trust by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 9,912 shares of the asset manager’s stock valued at $333,000 after buying an additional 524 shares during the last quarter. 62.05% of the stock is owned by institutional investors and hedge funds.

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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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