Equities research analysts expect Corenergy Infrastructure Trust Inc (NYSE:CORR) to report $1.11 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Corenergy Infrastructure Trust’s earnings. The highest EPS estimate is $1.20 and the lowest is $0.96. Corenergy Infrastructure Trust reported earnings per share of $1.00 during the same quarter last year, which suggests a positive year over year growth rate of 11%. The company is expected to announce its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Corenergy Infrastructure Trust will report full year earnings of $4.41 per share for the current financial year, with EPS estimates ranging from $3.88 to $4.83. For the next financial year, analysts forecast that the business will report earnings of $4.48 per share, with EPS estimates ranging from $4.21 to $4.86. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Corenergy Infrastructure Trust.
Corenergy Infrastructure Trust (NYSE:CORR) last issued its earnings results on Wednesday, February 28th. The asset manager reported $0.36 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $22.40 million for the quarter.
Shares of NYSE:CORR traded down $0.11 during midday trading on Tuesday, reaching $37.76. 75,881 shares of the company were exchanged, compared to its average volume of 93,011. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.30 and a current ratio of 4.30. Corenergy Infrastructure Trust has a one year low of $31.50 and a one year high of $39.42. The firm has a market cap of $447.92, a price-to-earnings ratio of 9.93, a P/E/G ratio of 2.84 and a beta of 1.91.
In related news, CEO David J. Schulte bought 1,930 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 22,110 shares in the company, valued at $816,080.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.99% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP raised its stake in Corenergy Infrastructure Trust by 11.5% during the fourth quarter. Two Sigma Advisers LP now owns 28,160 shares of the asset manager’s stock valued at $1,076,000 after purchasing an additional 2,900 shares in the last quarter. California Public Employees Retirement System raised its stake in Corenergy Infrastructure Trust by 26.9% during the third quarter. California Public Employees Retirement System now owns 16,364 shares of the asset manager’s stock valued at $578,000 after purchasing an additional 3,464 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Corenergy Infrastructure Trust by 23.2% during the third quarter. Allianz Asset Management GmbH now owns 22,793 shares of the asset manager’s stock valued at $806,000 after purchasing an additional 4,292 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in Corenergy Infrastructure Trust during the fourth quarter valued at $228,000. Finally, D.A. Davidson & CO. raised its stake in Corenergy Infrastructure Trust by 8.3% during the fourth quarter. D.A. Davidson & CO. now owns 85,291 shares of the asset manager’s stock valued at $3,258,000 after purchasing an additional 6,521 shares in the last quarter. 60.13% of the stock is currently owned by institutional investors.
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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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