David J. Schulte Buys 690 Shares of Corenergy Infrastructure Trust Inc (CORR) Stock

Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO David J. Schulte purchased 690 shares of Corenergy Infrastructure Trust stock in a transaction that occurred on Tuesday, January 9th. The shares were bought at an average cost of $37.27 per share, for a total transaction of $25,716.30. Following the transaction, the chief executive officer now directly owns 21,610 shares of the company’s stock, valued at $805,404.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Corenergy Infrastructure Trust Inc (NYSE CORR) opened at $38.56 on Friday. 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 twelve month low of $31.45 and a twelve month high of $38.90. The firm has a market capitalization of $459.22, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.99 and a beta of 2.11.

CORR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Friday, November 17th. BidaskClub downgraded Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, ValuEngine raised Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.50.

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in Corenergy Infrastructure Trust by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock worth $108,000 after purchasing an additional 30 shares during the last quarter. Voya Investment Management LLC bought a new position in Corenergy Infrastructure Trust during the 2nd quarter worth $221,000. Cetera Investment Advisers bought a new position in Corenergy Infrastructure Trust during the 2nd quarter worth $280,000. First Trust Advisors LP bought a new position in Corenergy Infrastructure Trust during the 3rd quarter worth $332,000. Finally, The Manufacturers Life Insurance Company raised its position in 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 purchasing an additional 524 shares during the last quarter. 62.05% of the stock is owned by institutional investors and hedge funds.

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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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