Corenergy Infrastructure Trust Inc (CORR) Receives Average Rating of “Hold” from Brokerages

Shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) have earned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.33.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, January 25th. ValuEngine upgraded shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Finally, BidaskClub cut shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th.

In other news, CEO David J. Schulte acquired 690 shares of Corenergy Infrastructure Trust stock in a transaction that occurred on Tuesday, January 9th. The shares were acquired at an average price of $37.27 per share, with a total value of $25,716.30. Following the purchase, the chief executive officer now directly owns 21,610 shares of the company’s stock, valued at $805,404.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 1,565 shares of company stock worth $58,117 in the last three months. 0.99% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in 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 last quarter. State Street Corp boosted its stake in 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 last quarter. Northern Trust Corp boosted its stake in 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 last quarter. D.A. Davidson & CO. boosted its stake in 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 last quarter. Finally, California Public Employees Retirement System boosted its stake in Corenergy Infrastructure Trust by 26.9% during the 3rd quarter. California Public Employees Retirement System now owns 16,364 shares of the asset manager’s stock worth $578,000 after acquiring an additional 3,464 shares during the last quarter. 62.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Corenergy Infrastructure Trust (NYSE:CORR) opened at $35.48 on Tuesday. Corenergy Infrastructure Trust has a 1 year low of $31.45 and a 1 year high of $39.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.33 and a current ratio of 5.33. The company has a market cap of $440.29, a P/E ratio of 15.43, a PEG ratio of 2.93 and a beta of 2.00.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 8.46%. The ex-dividend date is Tuesday, February 13th. Corenergy Infrastructure Trust’s payout ratio is 130.44%.

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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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