CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 638,900 shares, a drop of 23.4% from the March 31st total of 833,600 shares. Based on an average daily volume of 399,500 shares, the days-to-cover ratio is presently 1.6 days.

Several research analysts recently commented on the company. Zacks Investment Research cut CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 7th. DA Davidson raised shares of CorEnergy Infrastructure Trust from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $4.50 to $9.50 in a report on Monday, February 8th.

Large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. bought a new stake in CorEnergy Infrastructure Trust during the first quarter worth about $74,000. Citigroup Inc. grew its position in CorEnergy Infrastructure Trust by 35.8% during the 4th quarter. Citigroup Inc. now owns 7,786 shares of the asset manager’s stock worth $53,000 after acquiring an additional 2,051 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in CorEnergy Infrastructure Trust by 36.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 8,253 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 2,203 shares in the last quarter. Marshall Wace LLP bought a new position in CorEnergy Infrastructure Trust in the 1st quarter valued at $326,000. Finally, Meeder Asset Management Inc. acquired a new position in CorEnergy Infrastructure Trust in the first quarter worth $65,000. Hedge funds and other institutional investors own 48.99% of the company’s stock.

Shares of CorEnergy Infrastructure Trust stock traded down $0.21 during midday trading on Tuesday, hitting $5.99. 356,298 shares of the company were exchanged, compared to its average volume of 384,727. The firm has a 50 day simple moving average of $6.97 and a 200-day simple moving average of $7.01. The company has a debt-to-equity ratio of 3.85, a current ratio of 24.26 and a quick ratio of 24.26. The firm has a market cap of $81.77 million, a P/E ratio of 1.56 and a beta of 1.27. CorEnergy Infrastructure Trust has a 52 week low of $3.56 and a 52 week high of $17.68.

CorEnergy Infrastructure Trust (NYSE:CORR) last released its quarterly earnings data on Tuesday, March 2nd. The asset manager reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.03. Equities research analysts expect that CorEnergy Infrastructure Trust will post 0.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, May 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, May 13th. CorEnergy Infrastructure Trust’s dividend payout ratio is currently 5.22%.

About CorEnergy Infrastructure Trust

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

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