Corenergy Infrastructure Trust Inc (NYSE:CORR) SVP Rebecca M. Sandring purchased 575 shares of the stock in a transaction on Wednesday, January 10th. The shares were purchased at an average price of $36.93 per share, with a total value of $21,234.75. Following the acquisition, the senior vice president now directly owns 4,276 shares in the company, valued at $157,912.68. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Corenergy Infrastructure Trust Inc (CORR) traded down $0.07 during midday trading on Friday, reaching $38.49. 57,938 shares of the company’s stock traded hands, compared to its average volume of 97,572. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35. Corenergy Infrastructure Trust Inc has a 12 month low of $31.45 and a 12 month high of $38.90. The firm has a market cap of $458.39, a PE ratio of 16.73, a PEG ratio of 3.05 and a beta of 2.11.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its holdings 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 acquiring an additional 30 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Corenergy Infrastructure Trust in the 2nd quarter valued at $221,000. Cetera Investment Advisers acquired a new position in shares of Corenergy Infrastructure Trust in the 2nd quarter valued at $280,000. First Trust Advisors LP acquired a new position in shares of Corenergy Infrastructure Trust in the 3rd quarter valued at $332,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Corenergy Infrastructure Trust by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,912 shares of the asset manager’s stock valued at $333,000 after buying an additional 524 shares in the last quarter. Institutional investors own 62.05% of the company’s stock.
Several research firms have commented on CORR. BidaskClub upgraded shares of Corenergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. ValuEngine upgraded shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. Corenergy Infrastructure Trust has an average rating of “Hold” and an average price target of $37.50.
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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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