Corenergy Infrastructure Trust (NYSE:CORR) issued its quarterly earnings data on Wednesday. The asset manager reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.38), Fidelity Earnings reports. The firm had revenue of $21.53 million during the quarter, compared to analyst estimates of $21.16 million. Corenergy Infrastructure Trust had a return on equity of 12.57% and a net margin of 47.22%.
Shares of CORR traded up $0.87 during mid-day trading on Friday, hitting $41.95. 118,541 shares of the company were exchanged, compared to its average volume of 63,464. Corenergy Infrastructure Trust has a 1-year low of $32.52 and a 1-year high of $42.20. The company has a current ratio of 8.57, a quick ratio of 8.57 and a debt-to-equity ratio of 0.30. The firm’s 50 day simple moving average is $40.20. The stock has a market cap of $537.38 million, a PE ratio of 11.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 7.15%. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 81.08%.
Separately, Zacks Investment Research downgraded shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.
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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