Zacks Investment Research downgraded shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) from a hold rating to a sell rating in a report published on Friday morning.

According to Zacks, “CorEnergy Infrastructure Trust, Inc. seeks to invest primarily in the U.S. energy infrastructure sector. It seeks to acquire midstream and downstream U.S. energy infrastructure assets and concurrently enter into long-term triple net leases with energy companies. These assets may include pipelines, storage tanks, transmission lines and gathering systems, among others. CorEnergy Infrastructure Trust, Inc., formerly known as Tortoise Capital Resources Corporation, is based in United States. “

A number of other equities analysts have also weighed in on CORR. ValuEngine raised CorEnergy Infrastructure Trust from a buy rating to a strong-buy rating in a research note on Monday, July 24th. BidaskClub lowered CorEnergy Infrastructure Trust from a buy rating to a hold rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $35.33.

Shares of CorEnergy Infrastructure Trust (NYSE:CORR) opened at $35.73 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.33 and a quick ratio of 5.33. The stock has a market capitalization of $425.52, a P/E ratio of 9.33, a PEG ratio of 2.80 and a beta of 2.15. CorEnergy Infrastructure Trust has a 12 month low of $30.41 and a 12 month high of $37.48.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date is Tuesday, November 14th. CorEnergy Infrastructure Trust’s dividend payout ratio (DPR) is currently 130.44%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in CorEnergy Infrastructure Trust by 0.9% during 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 last quarter. Stifel Financial Corp lifted its stake in shares of CorEnergy Infrastructure Trust by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 13,172 shares of the asset manager’s stock valued at $443,000 after purchasing an additional 118 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of CorEnergy Infrastructure Trust by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 16,455 shares of the asset manager’s stock valued at $553,000 after purchasing an additional 173 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of CorEnergy Infrastructure Trust by 0.9% in the 2nd quarter. Teachers Advisors LLC now owns 21,841 shares of the asset manager’s stock valued at $734,000 after purchasing an additional 205 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of CorEnergy Infrastructure Trust by 0.3% in the 2nd quarter. New York State Common Retirement Fund now owns 106,244 shares of the asset manager’s stock valued at $3,569,000 after purchasing an additional 276 shares during the last quarter. 62.55% of the stock is currently owned by institutional investors.

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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