Corenergy Infrastructure Trust (CORR) Upgraded to Strong-Buy by ValuEngine
ValuEngine upgraded shares of Corenergy Infrastructure Trust (NYSE:CORR) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.
Separately, Zacks Investment Research upgraded Corenergy Infrastructure Trust from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $37.25.
Shares of Corenergy Infrastructure Trust (CORR) opened at $36.65 on Thursday. The firm has a market capitalization of $436.71, a price-to-earnings ratio of 9.35, a PEG ratio of 2.89 and a beta of 1.96. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 0.46. Corenergy Infrastructure Trust has a 1 year low of $31.45 and a 1 year high of $39.42.
In related news, CEO David J. Schulte bought 690 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 21,610 shares in the company, valued at approximately $805,404.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have bought 1,565 shares of company stock valued at $58,117. Corporate insiders own 0.99% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CORR. Voya Investment Management LLC acquired a new position in shares of Corenergy Infrastructure Trust during the 2nd quarter worth $221,000. MetLife Investment Advisors LLC acquired a new position in shares of Corenergy Infrastructure Trust during the 4th quarter worth $228,000. First Trust Advisors LP acquired a new position in shares of Corenergy Infrastructure Trust during the 3rd quarter worth $332,000. The Manufacturers Life Insurance Company raised its holdings in shares of Corenergy Infrastructure Trust by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,912 shares of the asset manager’s stock worth $333,000 after buying an additional 524 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Corenergy Infrastructure Trust by 62.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,692 shares of the asset manager’s stock worth $393,000 after buying an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 60.18% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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