Swiss National Bank lifted its stake in Corenergy Infrastructure Trust Inc (NYSE:CORR) by 8.8% in the 4th quarter, HoldingsChannel reports. The firm owned 25,900 shares of the asset manager’s stock after buying an additional 2,100 shares during the quarter. Swiss National Bank’s holdings in Corenergy Infrastructure Trust were worth $1,158,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in shares of Corenergy Infrastructure Trust by 2.6% during the third quarter. State Street Corp now owns 310,388 shares of the asset manager’s stock valued at $14,657,000 after buying an additional 7,817 shares during the period. D.A. Davidson & CO. grew its holdings in shares of Corenergy Infrastructure Trust by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 117,655 shares of the asset manager’s stock worth $5,556,000 after acquiring an additional 3,521 shares during the period. Russell Investments Group Ltd. raised its position in shares of Corenergy Infrastructure Trust by 204.0% in the 4th quarter. Russell Investments Group Ltd. now owns 62,666 shares of the asset manager’s stock worth $2,798,000 after acquiring an additional 42,050 shares in the last quarter. Genesee Capital Advisors LLC raised its position in shares of Corenergy Infrastructure Trust by 3.1% in the 4th quarter. Genesee Capital Advisors LLC now owns 28,432 shares of the asset manager’s stock worth $1,271,000 after acquiring an additional 850 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of Corenergy Infrastructure Trust by 36.6% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 26,944 shares of the asset manager’s stock valued at $1,205,000 after purchasing an additional 7,222 shares during the period. 69.70% of the stock is currently owned by hedge funds and other institutional investors.
In other Corenergy Infrastructure Trust news, EVP Rebecca M. Sandring bought 903 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $44.40 per share, with a total value of $40,093.20. Following the completion of the purchase, the executive vice president now owns 5,179 shares of the company’s stock, valued at $229,947.60. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.
CORR has been the topic of several research reports. Zacks Investment Research lowered Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. TheStreet lowered Corenergy Infrastructure Trust from a “b” rating to a “c” rating in a research report on Wednesday, February 26th. Finally, ValuEngine upgraded shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 29th.
NYSE CORR traded down $5.30 during trading hours on Monday, reaching $31.30. 5,977 shares of the company’s stock traded hands, compared to its average volume of 114,691. Corenergy Infrastructure Trust Inc has a 52-week low of $33.21 and a 52-week high of $49.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 17.16 and a quick ratio of 14.81. The firm has a 50-day simple moving average of $44.30 and a 200 day simple moving average of $45.30. The firm has a market cap of $430.93 million, a PE ratio of -80.21 and a beta of 1.53.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date was Thursday, February 13th. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 78.33%.
Corenergy Infrastructure Trust Company Profile
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.
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