Equities analysts expect that CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) will post sales of $21.58 million for the current quarter, according to Zacks. Two analysts have issued estimates for CorEnergy Infrastructure Trust’s earnings, with the highest sales estimate coming in at $22.16 million and the lowest estimate coming in at $20.99 million. CorEnergy Infrastructure Trust posted sales of $22.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 8th.

On average, analysts expect that CorEnergy Infrastructure Trust will report full year sales of $21.58 million for the current year, with estimates ranging from $84.11 million to $90.00 million. For the next year, analysts anticipate that the business will post sales of $87.31 million per share, with estimates ranging from $83.98 million to $89.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover CorEnergy Infrastructure Trust.

A number of research analysts recently commented on the company. Stifel Nicolaus cut CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $37.00 to $34.00 in a research note on Monday, March 6th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $37.00 price objective (up from $30.00) on shares of CorEnergy Infrastructure Trust in a research note on Wednesday, May 17th. Finally, Zacks Investment Research cut CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. CorEnergy Infrastructure Trust has an average rating of “Hold” and an average target price of $35.75.

In related news, CEO David J. Schulte acquired 2,236 shares of CorEnergy Infrastructure Trust stock in a transaction dated Friday, May 12th. The shares were purchased at an average cost of $33.92 per share, with a total value of $75,845.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of CORR. Tiedemann Wealth Management LLC purchased a new stake in CorEnergy Infrastructure Trust during the first quarter worth $236,000. American International Group Inc. raised its stake in CorEnergy Infrastructure Trust by 7.1% in the first quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock worth $249,000 after buying an additional 487 shares in the last quarter. SG Americas Securities LLC raised its stake in CorEnergy Infrastructure Trust by 60.6% in the first quarter. SG Americas Securities LLC now owns 8,241 shares of the asset manager’s stock worth $278,000 after buying an additional 3,111 shares in the last quarter. Globeflex Capital L P raised its stake in CorEnergy Infrastructure Trust by 17,834.0% in the first quarter. Globeflex Capital L P now owns 8,967 shares of the asset manager’s stock worth $303,000 after buying an additional 8,917 shares in the last quarter. Finally, Wedbush Securities Inc. raised its stake in CorEnergy Infrastructure Trust by 7.8% in the first quarter. Wedbush Securities Inc. now owns 9,742 shares of the asset manager’s stock worth $329,000 after buying an additional 703 shares in the last quarter. Institutional investors own 70.78% of the company’s stock.

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Shares of CorEnergy Infrastructure Trust (NYSE CORR) opened at 35.10 on Friday. The company’s 50-day moving average price is $35.43 and its 200-day moving average price is $34.98. The company has a market cap of $417.48 million, a price-to-earnings ratio of 14.03 and a beta of 1.98. CorEnergy Infrastructure Trust has a 12 month low of $23.21 and a 12 month high of $37.25.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, May 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.55%. CorEnergy Infrastructure Trust’s dividend payout ratio (DPR) is currently 120.48%.

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.

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