Teachers Insurance & Annuity Association of America maintained its position in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,695 shares of the asset manager’s stock at the end of the 2nd quarter. Teachers Insurance & Annuity Association of America owned approximately 0.11% of CorEnergy Infrastructure Trust worth $426,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in shares of CorEnergy Infrastructure Trust during the 2nd quarter valued at $101,000. Legal & General Group Plc raised its holdings in shares of CorEnergy Infrastructure Trust by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock valued at $108,000 after purchasing an additional 30 shares in the last quarter. Synovus Financial Corp bought a new position in shares of CorEnergy Infrastructure Trust during the 2nd quarter valued at $205,000. American International Group Inc. raised its holdings in shares of CorEnergy Infrastructure Trust by 7.1% during the 1st quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 487 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of CorEnergy Infrastructure Trust by 60.6% during the 1st quarter. SG Americas Securities LLC now owns 8,241 shares of the asset manager’s stock valued at $278,000 after purchasing an additional 3,111 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

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

CorEnergy Infrastructure Trust, Inc. (CORR) opened at 32.28 on Friday. The company has a market cap of $384.20 million, a P/E ratio of 13.34 and a beta of 2.07. CorEnergy Infrastructure Trust, Inc. has a 12-month low of $23.21 and a 12-month high of $37.25. The stock’s 50 day moving average is $33.63 and its 200-day moving average is $34.39.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 9.29%. The ex-dividend date was Tuesday, August 15th. CorEnergy Infrastructure Trust’s payout ratio is 124.48%.

A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. ValuEngine downgraded shares of CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Bank of America Corporation downgraded shares of CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.60.

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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.

Institutional Ownership by Quarter for CorEnergy Infrastructure Trust (NYSE:CORR)

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