Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO David J. Schulte acquired 1,930 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average price of $36.91 per share, with a total value of $71,236.30. Following the completion of the purchase, the chief executive officer now owns 22,110 shares in the company, valued at approximately $816,080.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Corenergy Infrastructure Trust stock traded down $0.02 during mid-day trading on Monday, reaching $37.94. The company’s stock had a trading volume of 42,835 shares, compared to its average volume of 95,676. The company has a market cap of $452.33, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.87 and a beta of 1.96. Corenergy Infrastructure Trust Inc has a 1-year low of $31.50 and a 1-year 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 data 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). The firm had revenue of $22.40 million for the quarter. Corenergy Infrastructure Trust had a return on equity of 9.00% and a net margin of 36.74%. equities analysts predict that Corenergy Infrastructure Trust Inc will post 4.41 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of CORR. Renaissance Technologies LLC raised its holdings in shares of Corenergy Infrastructure Trust by 22.1% during the 4th quarter. Renaissance Technologies LLC now owns 637,900 shares of the asset manager’s stock worth $24,368,000 after acquiring an additional 115,300 shares in the last quarter. Vanguard Group Inc. raised its holdings in Corenergy Infrastructure Trust by 9.0% during the 2nd quarter. Vanguard Group Inc. now owns 611,713 shares of the asset manager’s stock valued at $20,548,000 after buying an additional 50,263 shares during the period. LSV Asset Management raised its holdings in Corenergy Infrastructure Trust by 7.7% during the 4th quarter. LSV Asset Management now owns 628,540 shares of the asset manager’s stock valued at $24,010,000 after buying an additional 44,721 shares during the period. Two Sigma Investments LP purchased a new stake in Corenergy Infrastructure Trust during the 4th quarter valued at $1,170,000. Finally, Taylor Frigon Capital Management LLC purchased a new stake in Corenergy Infrastructure Trust during the 4th quarter valued at $1,086,000. 60.13% of the stock is currently owned by institutional investors and hedge funds.
CORR has been the subject of several recent analyst reports. Zacks Investment Research upgraded Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, January 25th. ValuEngine upgraded Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.33.
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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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