Corenergy Infrastructure Trust (NYSE:CORR) Upgraded to “Strong-Buy” by ValuEngine

ValuEngine upgraded shares of Corenergy Infrastructure Trust (NYSE:CORR) from a buy rating to a strong-buy rating in a research note released on Saturday, ValuEngine reports.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus cut their target price on shares of Corenergy Infrastructure Trust from $44.00 to $15.00 and set a hold rating on the stock in a research report on Tuesday, April 14th. Zacks Investment Research downgraded shares of Corenergy Infrastructure Trust from a buy rating to a strong sell rating in a research report on Thursday, April 16th. Finally, DA Davidson cut their target price on shares of Corenergy Infrastructure Trust from $15.00 to $8.00 and set an underperform rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $16.67.

NYSE:CORR opened at $9.64 on Friday. The firm’s 50 day simple moving average is $11.24 and its 200 day simple moving average is $27.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 17.16 and a quick ratio of 17.16. Corenergy Infrastructure Trust has a one year low of $8.45 and a one year high of $49.75. The company has a market cap of $119.31 million, a PE ratio of -24.72 and a beta of 1.21.

Several hedge funds and other institutional investors have recently modified their holdings of CORR. US Bancorp DE lifted its position in shares of Corenergy Infrastructure Trust by 77.1% during the 4th quarter. US Bancorp DE now owns 790 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 344 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Corenergy Infrastructure Trust by 54.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,391 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 490 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Corenergy Infrastructure Trust during the 1st quarter valued at $74,000. Synovus Financial Corp acquired a new position in shares of Corenergy Infrastructure Trust during the 1st quarter valued at $36,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Corenergy Infrastructure Trust during the 4th quarter valued at $108,000. Hedge funds and other institutional investors own 62.01% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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