Corenergy Infrastructure Trust Inc (NYSE:CORR) SVP Rebecca M. Sandring purchased 575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average price of $36.93 per share, with a total value of $21,234.75. Following the purchase, the senior vice president now directly owns 4,276 shares of the company’s stock, valued at $157,912.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Corenergy Infrastructure Trust Inc (NYSE CORR) opened at $38.49 on Monday. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.35. Corenergy Infrastructure Trust Inc has a 1-year low of $31.45 and a 1-year high of $38.90. The firm has a market cap of $458.39, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 3.05 and a beta of 2.11.
Corenergy Infrastructure Trust (NYSE:CORR) last released its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.50). Corenergy Infrastructure Trust had a return on equity of 7.94% and a net margin of 42.81%. sell-side analysts expect that Corenergy Infrastructure Trust Inc will post 4.21 EPS for the current year.
CORR has been the topic of a number of research analyst reports. BidaskClub raised shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research raised shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine raised shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company. Corenergy Infrastructure Trust has a consensus rating of “Hold” and an average price target of $37.50.
Hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in shares of Corenergy Infrastructure Trust by 26.9% in the 3rd quarter. California Public Employees Retirement System now owns 16,364 shares of the asset manager’s stock valued at $578,000 after acquiring an additional 3,464 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Corenergy Infrastructure Trust by 23.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 22,793 shares of the asset manager’s stock valued at $806,000 after acquiring an additional 4,292 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Corenergy Infrastructure Trust by 6.8% in the 3rd quarter. D.A. Davidson & CO. now owns 78,770 shares of the asset manager’s stock valued at $2,784,000 after acquiring an additional 5,002 shares during the period. Benchmark Capital Advisors acquired a new position in shares of Corenergy Infrastructure Trust in the 3rd quarter valued at $621,000. Finally, First Trust Advisors LP acquired a new position in shares of Corenergy Infrastructure Trust in the 3rd quarter valued at $332,000. 62.05% of the stock is currently owned by institutional investors.
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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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