CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other research analysts have also commented on CORR. BidaskClub raised CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada restated a “sector perform” rating and set a $37.00 target price (up from $30.00) on shares of CorEnergy Infrastructure Trust in a research note on Wednesday, May 17th. Finally, Bank of America Corporation downgraded CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a research note on Monday, June 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.60.

CorEnergy Infrastructure Trust (NYSE CORR) traded up 1.23% on Friday, reaching $33.03. The company had a trading volume of 116,248 shares. The stock has a market capitalization of $393.12 million, a P/E ratio of 13.65 and a beta of 2.06. The firm has a 50-day moving average of $34.37 and a 200-day moving average of $34.61. CorEnergy Infrastructure Trust has a 12 month low of $23.21 and a 12 month high of $37.25.

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In other CorEnergy Infrastructure Trust news, CEO David J. Schulte bought 1,000 shares of the stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $32.89 per share, for a total transaction of $32,890.00. Following the completion of the purchase, the chief executive officer now directly owns 21,010 shares of the company’s stock, valued at $691,018.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.99% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Atwood & Palmer Inc. purchased a new position in CorEnergy Infrastructure Trust during the second quarter worth approximately $101,000. Legal & General Group Plc increased its position in CorEnergy Infrastructure Trust by 0.9% in the second quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock worth $108,000 after buying an additional 30 shares during the period. Synovus Financial Corp purchased a new position in CorEnergy Infrastructure Trust during the second quarter worth approximately $205,000. Voya Investment Management LLC purchased a new position in CorEnergy Infrastructure Trust during the second quarter worth approximately $221,000. Finally, Tiedemann Wealth Management LLC purchased a new position in CorEnergy Infrastructure Trust during the first quarter worth approximately $236,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

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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