Shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) have been given an average rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $35.33.

Several research firms have recently issued reports on CORR. ValuEngine raised shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research raised shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub lowered shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th.

Shares of Corenergy Infrastructure Trust (CORR) opened at $37.77 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.33 and a current ratio of 5.33. Corenergy Infrastructure Trust has a 12 month low of $31.45 and a 12 month high of $38.06. The stock has a market cap of $449.80, a PE ratio of 9.86, a PEG ratio of 2.99 and a beta of 2.13.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $3.00 annualized dividend and a dividend yield of 7.94%. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 130.44%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CORR. Teachers Advisors LLC raised its position in shares of Corenergy Infrastructure Trust by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 21,636 shares of the asset manager’s stock worth $731,000 after purchasing an additional 698 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Corenergy Infrastructure Trust by 18.3% during the 1st quarter. California Public Employees Retirement System now owns 12,900 shares of the asset manager’s stock worth $436,000 after purchasing an additional 2,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Corenergy Infrastructure Trust by 28.6% during the 1st quarter. Vanguard Group Inc. now owns 561,450 shares of the asset manager’s stock worth $18,965,000 after purchasing an additional 124,879 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Corenergy Infrastructure Trust by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 16,455 shares of the asset manager’s stock worth $553,000 after purchasing an additional 173 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Corenergy Infrastructure Trust by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock worth $108,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 62.05% of the company’s stock.

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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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