Vanguard Group Inc. increased its position in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,713 shares of the asset manager’s stock after acquiring an additional 50,263 shares during the quarter. Vanguard Group Inc. owned about 5.14% of CorEnergy Infrastructure Trust worth $20,548,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in CorEnergy Infrastructure Trust during the 2nd quarter valued at approximately $101,000. Nationwide Fund Advisors grew its holdings in CorEnergy Infrastructure Trust by 62.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,692 shares of the asset manager’s stock valued at $393,000 after buying an additional 4,500 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in CorEnergy Infrastructure Trust during the 2nd quarter valued at approximately $478,000. American International Group Inc. grew its holdings in 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 buying an additional 487 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in CorEnergy Infrastructure Trust by 9.7% during the 2nd quarter. Northern Trust Corp now owns 223,968 shares of the asset manager’s stock valued at $7,523,000 after buying an additional 19,727 shares in the last quarter. 63.05% of the stock is owned by institutional investors.

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A number of brokerages have issued reports on CORR. BidaskClub lowered shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. ValuEngine raised shares of CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Finally, Zacks Investment Research raised shares of CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $35.33.

CorEnergy Infrastructure Trust, Inc. (NYSE CORR) opened at $36.00 on Wednesday. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $442.90, a P/E ratio of 9.71, a PEG ratio of 2.91 and a beta of 2.15. CorEnergy Infrastructure Trust, Inc. has a 52-week low of $30.41 and a 52-week high of $37.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.33%. CorEnergy Infrastructure Trust’s dividend payout ratio is currently 130.44%.

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.

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

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