Nationwide Fund Advisors increased its position in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) by 62.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,692 shares of the asset manager’s stock after acquiring an additional 4,500 shares during the period. Nationwide Fund Advisors owned about 0.10% of CorEnergy Infrastructure Trust worth $393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of CorEnergy Infrastructure Trust in the second quarter worth $101,000. Legal & General Group Plc lifted its position in CorEnergy Infrastructure Trust by 0.9% during the second 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 CorEnergy Infrastructure Trust during the second quarter valued at $205,000. American International Group Inc. lifted its position in CorEnergy Infrastructure Trust by 7.1% during the first 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, Campbell & CO Investment Adviser LLC purchased a new position in CorEnergy Infrastructure Trust during the second quarter valued at $290,000. 64.26% of the stock is owned by institutional investors.

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Several equities analysts recently weighed in on CORR shares. BidaskClub upgraded CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine upgraded CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.33.

CorEnergy Infrastructure Trust, Inc. (NYSE CORR) opened at $36.15 on Tuesday. CorEnergy Infrastructure Trust, Inc. has a 52-week low of $26.18 and a 52-week high of $37.25. The company has a market capitalization of $427.78, a PE ratio of 9.38, a PEG ratio of 2.81 and a beta of 2.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.33 and a quick ratio of 5.33.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.00 annualized dividend and a dividend yield of 8.30%. CorEnergy Infrastructure Trust’s payout ratio is 130.44%.

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

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