Analysts expect Corenergy Infrastructure Trust Inc (NYSE:CORR) to post sales of $22.22 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Corenergy Infrastructure Trust’s earnings, with the lowest sales estimate coming in at $22.04 million and the highest estimate coming in at $22.39 million. Corenergy Infrastructure Trust reported sales of $22.40 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The business is scheduled to announce its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Corenergy Infrastructure Trust will report full year sales of $88.55 million for the current year, with estimates ranging from $88.38 million to $88.72 million. For the next financial year, analysts anticipate that the company will post sales of $90.38 million, with estimates ranging from $88.13 million to $92.63 million. Zacks’ sales averages are an average based on a survey of research analysts that cover Corenergy Infrastructure Trust.

Corenergy Infrastructure Trust (NYSE:CORR) last posted its earnings results on Wednesday, October 31st. The asset manager reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.53). Corenergy Infrastructure Trust had a net margin of 33.78% and a return on equity of 9.22%. The company had revenue of $22.64 million during the quarter, compared to analyst estimates of $22.20 million.

Separately, Zacks Investment Research upgraded shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, November 8th.

Corenergy Infrastructure Trust stock opened at $36.99 on Wednesday. Corenergy Infrastructure Trust has a fifty-two week low of $33.49 and a fifty-two week high of $39.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.75 and a quick ratio of 4.75. The company has a market capitalization of $444.87 million, a P/E ratio of 9.71, a P/E/G ratio of 1.99 and a beta of 1.74.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a $0.75 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $3.00 annualized dividend and a dividend yield of 8.11%. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is 78.74%.

In other Corenergy Infrastructure Trust news, CEO David J. Schulte purchased 1,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average price of $36.33 per share, for a total transaction of $36,330.00. Following the completion of the purchase, the chief executive officer now directly owns 23,059 shares in the company, valued at approximately $837,733.47. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of Corenergy Infrastructure Trust in the third quarter worth $142,000. Private Advisor Group LLC acquired a new position in shares of Corenergy Infrastructure Trust in the third quarter worth $253,000. CIBC Private Wealth Group LLC acquired a new position in shares of Corenergy Infrastructure Trust in the second quarter worth $263,000. Mackay Shields LLC acquired a new position in shares of Corenergy Infrastructure Trust in the second quarter worth $316,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Corenergy Infrastructure Trust in the third quarter worth $325,000. Institutional investors and hedge funds own 64.42% of the company’s stock.

About Corenergy Infrastructure Trust

CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns essential energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.

Featured Article: Put Option

Get a free copy of the Zacks research report on Corenergy Infrastructure Trust (CORR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Corenergy Infrastructure Trust (NYSE:CORR)

Receive News & Ratings for Corenergy Infrastructure Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corenergy Infrastructure Trust and related companies with MarketBeat.com's FREE daily email newsletter.