BidaskClub cut shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) from a buy rating to a hold rating in a report issued on Tuesday morning.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised CorEnergy Infrastructure Trust from a sell rating to a hold rating in a research report on Monday, July 24th. ValuEngine raised CorEnergy Infrastructure Trust from a buy rating to a strong-buy rating in a report on Monday, July 24th. Finally, Bank of America Corporation cut CorEnergy Infrastructure Trust from a neutral rating to an underperform rating and set a $35.00 price objective for the company. in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $35.33.

Shares of CorEnergy Infrastructure Trust (NYSE CORR) opened at 35.63 on Tuesday. CorEnergy Infrastructure Trust has a 12 month low of $23.21 and a 12 month high of $37.25. The stock has a market cap of $424.07 million, a PE ratio of 14.73 and a beta of 2.10. The firm has a 50-day moving average price of $33.62 and a 200-day moving average price of $34.56.

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Several hedge funds have recently modified their holdings of CORR. Atwood & Palmer Inc. acquired a new position in shares of CorEnergy Infrastructure Trust in the 2nd quarter valued at about $101,000. Legal & General Group Plc increased its stake in shares of CorEnergy Infrastructure Trust by 0.9% in 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 purchased a new position in shares of CorEnergy Infrastructure Trust in the 2nd quarter valued at about $205,000. Voya Investment Management LLC purchased a new position in shares of CorEnergy Infrastructure Trust in the 2nd quarter valued at about $221,000. Finally, American International Group Inc. increased its stake in shares of CorEnergy Infrastructure Trust by 7.1% in 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. 64.23% of the stock is owned by institutional investors and hedge funds.

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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