Wall Street brokerages predict that Corenergy Infrastructure Trust Inc (NYSE:CORR) will announce $1.00 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Corenergy Infrastructure Trust’s earnings, with estimates ranging from $0.97 to $1.03. Corenergy Infrastructure Trust posted earnings of $1.08 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 7.4%. The business is expected to announce its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Corenergy Infrastructure Trust will report full year earnings of $3.74 per share for the current year. For the next year, analysts expect that the firm will report earnings of $4.02 per share, with EPS estimates ranging from $3.99 to $4.04. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Corenergy Infrastructure Trust.

Several brokerages have issued reports on CORR. Zacks Investment Research raised shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. DA Davidson lowered their price objective on shares of Corenergy Infrastructure Trust from $40.00 to $3.71 and set an “average” rating for the company in a research report on Thursday, December 27th. They noted that the move was a valuation call.

In other news, CEO David J. Schulte acquired 750 shares of Corenergy Infrastructure Trust stock in a transaction that occurred on Friday, January 4th. The shares were purchased at an average cost of $33.64 per share, for a total transaction of $25,230.00. Following the completion of the purchase, the chief executive officer now directly owns 23,759 shares of the company’s stock, valued at approximately $799,252.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David J. Schulte acquired 1,000 shares of Corenergy Infrastructure Trust stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased 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 of the company’s stock, valued at $837,733.47. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,550 shares of company stock valued at $89,312. Company insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Global Investments acquired a new stake in Corenergy Infrastructure Trust in the fourth quarter worth $675,000. California Public Employees Retirement System increased its position in Corenergy Infrastructure Trust by 14.4% in the fourth quarter. California Public Employees Retirement System now owns 9,914 shares of the asset manager’s stock worth $328,000 after buying an additional 1,249 shares during the period. First Trust Advisors LP increased its position in Corenergy Infrastructure Trust by 18.8% in the fourth quarter. First Trust Advisors LP now owns 21,537 shares of the asset manager’s stock worth $712,000 after buying an additional 3,410 shares during the period. Prudential Financial Inc. increased its position in Corenergy Infrastructure Trust by 0.6% in the fourth quarter. Prudential Financial Inc. now owns 215,600 shares of the asset manager’s stock worth $7,132,000 after buying an additional 1,219 shares during the period. Finally, Opus Capital Group LLC increased its position in Corenergy Infrastructure Trust by 2.4% in the fourth quarter. Opus Capital Group LLC now owns 68,419 shares of the asset manager’s stock worth $2,263,000 after buying an additional 1,588 shares during the period. Hedge funds and other institutional investors own 64.04% of the company’s stock.

CORR traded up $0.18 on Monday, reaching $37.62. 100 shares of the company’s stock were exchanged, compared to its average volume of 52,892. The company has a market cap of $447.47 million, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.87 and a beta of 1.58. Corenergy Infrastructure Trust has a twelve month low of $32.52 and a twelve month high of $39.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.75 and a current ratio of 4.75.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend is Wednesday, February 13th. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is currently 78.74%.

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.

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