Corenergy Infrastructure Trust (NYSE:CORR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “CorEnergy Infrastructure Trust, Inc. seeks to invest primarily in the U.S. energy infrastructure sector. It seeks to acquire midstream and downstream U.S. energy infrastructure assets and concurrently enter into long-term triple net leases with energy companies. These assets may include pipelines, storage tanks, transmission lines and gathering systems, among others. CorEnergy Infrastructure Trust, Inc., formerly known as Tortoise Capital Resources Corporation, is based in United States. “

Several other equities analysts have also recently issued reports on CORR. BidaskClub raised Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. ValuEngine cut Corenergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. Corenergy Infrastructure Trust has an average rating of “Hold” and a consensus price target of $35.33.

Corenergy Infrastructure Trust (NYSE:CORR) opened at $37.77 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.33 and a current ratio of 5.33. Corenergy Infrastructure Trust has a 12 month low of $31.45 and a 12 month high of $38.06. The stock has a market capitalization of $441.71, a P/E ratio of 9.68, a PEG ratio of 2.94 and a beta of 2.13.

Hedge funds have recently modified their holdings of the stock. Atwood & Palmer Inc. bought a new stake in Corenergy Infrastructure Trust in the second quarter worth $101,000. Legal & General Group Plc boosted its holdings in Corenergy Infrastructure Trust by 0.9% in the second quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock worth $108,000 after acquiring an additional 30 shares in the last quarter. Synovus Financial Corp bought a new stake in Corenergy Infrastructure Trust in the second quarter worth $205,000. Voya Investment Management LLC bought a new stake in Corenergy Infrastructure Trust in the second quarter worth $221,000. Finally, Cetera Investment Advisers bought a new stake in Corenergy Infrastructure Trust in the second quarter worth $280,000. 62.05% of the stock is currently owned by institutional investors.

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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.

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