Corenergy Infrastructure Trust (CORR) Earning Positive Media Coverage, Analysis Finds
Headlines about Corenergy Infrastructure Trust (NYSE:CORR) have trended positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corenergy Infrastructure Trust earned a news impact score of 0.30 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 45.3334481401548 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Cue Financial Group, Inc. Buys iShares US Preferred Stock ETF, Waste Connections Inc, CorEnergy Infrastructure Trust … – GuruFocus.com (gurufocus.com)
- Zacks Investment Research Lowers Corenergy Infrastructure Trust (CORR) to Hold (americanbankingnews.com)
- CorEnergy Declares Fourth Quarter 2017 Common Stock and Preferred Dividends – Business Wire (press release) (businesswire.com)
- Corenergy Infrastructure Trust (CORR) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
Shares of Corenergy Infrastructure Trust (NYSE:CORR) traded down $0.08 during trading hours on Thursday, hitting $38.25. The stock had a trading volume of 23,750 shares, compared to its average volume of 103,895. Corenergy Infrastructure Trust has a 52-week low of $31.45 and a 52-week high of $39.42. The stock has a market cap of $456.72, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 3.04 and a beta of 2.10. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $3.00 dividend on an annualized basis and a yield of 7.84%. Corenergy Infrastructure Trust’s payout ratio is currently 130.44%.
A number of research analysts have recently issued reports on CORR shares. BidaskClub lowered Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, ValuEngine upgraded Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One investment 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’s stock. Corenergy Infrastructure Trust presently has a consensus rating of “Hold” and a consensus target price of $37.25.
In other news, CEO David J. Schulte acquired 690 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were bought at an average price of $37.27 per share, for a total transaction of $25,716.30. Following the acquisition, the chief executive officer now owns 21,610 shares of the company’s stock, valued at approximately $805,404.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 1,565 shares of company stock worth $58,117 in the last 90 days. 0.99% of the stock is currently owned by insiders.
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About Corenergy Infrastructure Trust
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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