Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO David J. Schulte purchased 1,930 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was purchased at an average price of $36.91 per share, for a total transaction of $71,236.30. Following the acquisition, the chief executive officer now owns 22,110 shares of the company’s stock, valued at approximately $816,080.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CORR stock traded down $0.16 during trading hours on Wednesday, reaching $37.60. The company had a trading volume of 1,458 shares, compared to its average volume of 93,246. The company has a market capitalization of $452.09, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 2.87 and a beta of 1.96. Corenergy Infrastructure Trust Inc has a 12 month low of $31.50 and a 12 month high of $39.42. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 0.46.
Corenergy Infrastructure Trust (NYSE:CORR) last issued its quarterly earnings results on Wednesday, February 28th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.67). Corenergy Infrastructure Trust had a return on equity of 9.00% and a net margin of 36.74%. The firm had revenue of $22.40 million for the quarter. equities analysts predict that Corenergy Infrastructure Trust Inc will post 4.41 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CORR. Vanguard Group Inc. lifted its stake in shares of Corenergy Infrastructure Trust by 9.0% in the 2nd quarter. Vanguard Group Inc. now owns 611,713 shares of the asset manager’s stock valued at $20,548,000 after acquiring an additional 50,263 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Corenergy Infrastructure Trust by 19.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,538 shares of the asset manager’s stock valued at $1,026,000 after purchasing an additional 5,009 shares during the period. Voya Investment Management LLC purchased a new position in Corenergy Infrastructure Trust during the 2nd quarter valued at about $221,000. State Street Corp increased its holdings in Corenergy Infrastructure Trust by 5.3% during the 2nd quarter. State Street Corp now owns 277,997 shares of the asset manager’s stock valued at $9,339,000 after purchasing an additional 14,110 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Corenergy Infrastructure Trust by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,912 shares of the asset manager’s stock worth $333,000 after acquiring an additional 524 shares during the period. 60.13% of the stock is owned by institutional investors.
A number of brokerages recently commented on CORR. Zacks Investment Research downgraded Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. ValuEngine raised Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.33.
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Corenergy Infrastructure Trust Company Profile
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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