California Public Employees Retirement System maintained its stake in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,900 shares of the asset manager’s stock at the close of the second quarter. California Public Employees Retirement System owned about 0.11% of CorEnergy Infrastructure Trust worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CorEnergy Infrastructure Trust by 28.6% during the 1st quarter. Vanguard Group Inc. now owns 561,450 shares of the asset manager’s stock valued at $18,965,000 after purchasing an additional 124,879 shares during the period. Atwood & Palmer Inc. bought a new stake in CorEnergy Infrastructure Trust during the 2nd quarter valued at approximately $101,000. Nationwide Fund Advisors boosted its stake in CorEnergy Infrastructure Trust by 62.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,692 shares of the asset manager’s stock valued at $393,000 after purchasing an additional 4,500 shares during the period. Principal Financial Group Inc. bought a new stake in CorEnergy Infrastructure Trust during the 2nd quarter valued at approximately $478,000. Finally, Northern Trust Corp boosted its stake in CorEnergy Infrastructure Trust by 9.7% during the 2nd quarter. Northern Trust Corp now owns 223,968 shares of the asset manager’s stock valued at $7,523,000 after purchasing an additional 19,727 shares during the period. 62.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of CorEnergy Infrastructure Trust, Inc. (CORR) opened at $35.92 on Friday. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35. CorEnergy Infrastructure Trust, Inc. has a 52-week low of $31.45 and a 52-week high of $37.48. The company has a market capitalization of $427.78, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 2.85 and a beta of 2.15.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.35%. CorEnergy Infrastructure Trust’s dividend payout ratio is currently 130.44%.

Several brokerages recently weighed in on CORR. ValuEngine upgraded CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. BidaskClub upgraded CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $35.33.

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CorEnergy Infrastructure Trust 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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Institutional Ownership by Quarter for CorEnergy Infrastructure Trust (NYSE:CORR)

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