CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Bank of America Corporation downgraded shares of CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research note on Monday, June 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $37.00 price objective (up previously from $30.00) on shares of CorEnergy Infrastructure Trust in a research note on Wednesday, May 17th. Finally, Zacks Investment Research downgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. CorEnergy Infrastructure Trust currently has a consensus rating of “Hold” and an average target price of $35.60.

Shares of CorEnergy Infrastructure Trust (CORR) opened at 35.19 on Wednesday. The firm has a market cap of $418.55 million, a PE ratio of 14.06 and a beta of 2.05. The firm’s 50-day moving average price is $34.52 and its 200-day moving average price is $34.99. CorEnergy Infrastructure Trust has a 12 month low of $23.21 and a 12 month high of $37.25.

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In other news, CEO David J. Schulte acquired 1,000 shares of CorEnergy Infrastructure Trust stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $32.89 per share, for a total transaction of $32,890.00. Following the completion of the transaction, the chief executive officer now directly owns 21,010 shares in the company, valued at $691,018.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.99% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of CorEnergy Infrastructure Trust during the fourth quarter worth about $437,000. State Street Corp boosted its position in shares of CorEnergy Infrastructure Trust by 2.8% in the fourth quarter. State Street Corp now owns 288,273 shares of the asset manager’s stock worth $10,052,000 after buying an additional 7,770 shares during the period. Renaissance Technologies LLC boosted its position in shares of CorEnergy Infrastructure Trust by 132.7% in the fourth quarter. Renaissance Technologies LLC now owns 233,029 shares of the asset manager’s stock worth $8,128,000 after buying an additional 132,900 shares during the period. Two Sigma Investments LP bought a new position in shares of CorEnergy Infrastructure Trust during the fourth quarter worth about $1,171,000. Finally, Guggenheim Capital LLC boosted its position in shares of CorEnergy Infrastructure Trust by 39.3% in the fourth quarter. Guggenheim Capital LLC now owns 34,525 shares of the asset manager’s stock worth $1,205,000 after buying an additional 9,746 shares during the period. 70.34% of the stock is owned by institutional investors.

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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