Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO David J. Schulte bought 1,930 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $36.91 per share, for a total transaction of $71,236.30. Following the completion of the transaction, the chief executive officer now directly owns 22,110 shares in the company, valued at $816,080.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Corenergy Infrastructure Trust Inc (NYSE:CORR) traded up $1.28 during mid-day trading on Monday, reaching $38.40. The company had a trading volume of 92,195 shares, compared to its average volume of 98,587. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.46. Corenergy Infrastructure Trust Inc has a 12 month low of $31.50 and a 12 month high of $39.42. The firm has a market cap of $451.36, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.96 and a beta of 1.96.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 7.81%. The ex-dividend date of this dividend was Tuesday, February 13th. Corenergy Infrastructure Trust’s payout ratio is 137.61%.
A number of research firms have recently commented on CORR. Zacks Investment Research cut Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. ValuEngine cut Corenergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.33.
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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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