Zacks Investment Research lowered shares of Corenergy Infrastructure Trust (NYSE:CORR) from a buy rating to a hold rating in a research report report published on Thursday morning.

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 analysts also recently weighed in on the company. ValuEngine upgraded Corenergy Infrastructure Trust from a buy rating to a strong-buy rating in a research report on Friday, December 15th. BidaskClub downgraded Corenergy Infrastructure Trust from a buy rating to a hold rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. Corenergy Infrastructure Trust currently has an average rating of Hold and a consensus target price of $37.50.

Corenergy Infrastructure Trust (NYSE:CORR) traded down $0.07 during trading hours on Thursday, hitting $38.49. The stock had a trading volume of 57,900 shares, compared to its average volume of 103,256. Corenergy Infrastructure Trust has a fifty-two week low of $31.45 and a fifty-two week high of $38.90. The company has a market capitalization of $458.39, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 3.05 and a beta of 2.11. 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 (NYSE:CORR) last released its earnings results on Wednesday, November 1st. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.50). Corenergy Infrastructure Trust had a return on equity of 7.94% and a net margin of 42.81%. analysts forecast that Corenergy Infrastructure Trust will post 4.21 EPS for the current fiscal year.

In other news, CEO David J. Schulte acquired 690 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was purchased at an average cost of $37.27 per share, for a total transaction of $25,716.30. Following the completion of the acquisition, the chief executive officer now directly owns 21,610 shares of the company’s stock, valued at approximately $805,404.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 1,565 shares of company stock valued at $58,117 over the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Corenergy Infrastructure Trust by 9.0% in the second quarter. Vanguard Group Inc. now owns 611,713 shares of the asset manager’s stock valued at $20,548,000 after acquiring an additional 50,263 shares in the last quarter. State Street Corp raised its holdings in shares of Corenergy Infrastructure Trust by 5.3% in the second quarter. State Street Corp now owns 277,997 shares of the asset manager’s stock valued at $9,339,000 after acquiring an additional 14,110 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Corenergy Infrastructure Trust by 9.7% in the second quarter. Northern Trust Corp now owns 223,968 shares of the asset manager’s stock valued at $7,523,000 after acquiring an additional 19,727 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Corenergy Infrastructure Trust by 6.8% in the third quarter. D.A. Davidson & CO. now owns 78,770 shares of the asset manager’s stock valued at $2,784,000 after acquiring an additional 5,002 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Corenergy Infrastructure Trust by 62.6% in the second quarter. Nationwide Fund Advisors now owns 11,692 shares of the asset manager’s stock valued at $393,000 after acquiring an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 62.05% of the company’s stock.

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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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