Principal Financial Group Inc. raised its stake in shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 8,868 shares of the asset manager’s stock after buying an additional 700 shares during the period. Principal Financial Group Inc.’s holdings in Corenergy Infrastructure Trust were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Genesee Capital Advisors LLC acquired a new position in shares of Corenergy Infrastructure Trust in the 4th quarter worth approximately $1,002,000. Martingale Asset Management L P boosted its holdings in shares of Corenergy Infrastructure Trust by 183.3% in the 4th quarter. Martingale Asset Management L P now owns 40,805 shares of the asset manager’s stock worth $1,351,000 after acquiring an additional 26,400 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Corenergy Infrastructure Trust by 514.3% in the 4th quarter. Bessemer Group Inc. now owns 30,100 shares of the asset manager’s stock worth $996,000 after acquiring an additional 25,200 shares in the last quarter. Summit Global Investments acquired a new position in shares of Corenergy Infrastructure Trust in the 4th quarter worth approximately $675,000. Finally, Morgan Stanley boosted its holdings in shares of Corenergy Infrastructure Trust by 2.9% in the 3rd quarter. Morgan Stanley now owns 494,694 shares of the asset manager’s stock worth $18,591,000 after acquiring an additional 13,945 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on CORR shares. Zacks Investment Research downgraded Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. DA Davidson reduced their target price on Corenergy Infrastructure Trust from $40.00 to $3.71 and set an “average” rating on the stock in a report on Thursday, December 27th. They noted that the move was a valuation call.

Shares of CORR opened at $37.96 on Thursday. The company has a market capitalization of $483.52 million, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 16.20 and a current ratio of 16.20. Corenergy Infrastructure Trust Inc has a one year low of $32.52 and a one year high of $39.46.

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Corenergy Infrastructure Trust Company Profile

CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical 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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Institutional Ownership by Quarter for Corenergy Infrastructure Trust (NYSE:CORR)

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