Shares of CorEnergy Infrastructure Trust Inc. (NYSE:CORR) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.25.
A number of equities research analysts have commented on CORR shares. TheStreet upgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Wednesday, June 29th. Zacks Investment Research cut shares of CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Stifel Nicolaus cut shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Royal Bank Of Canada lifted their price objective on shares of CorEnergy Infrastructure Trust from $23.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, August 12th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $30.00 price objective (up from $23.00) on shares of CorEnergy Infrastructure Trust in a report on Saturday, August 13th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MSI Financial Services Inc purchased a new position in CorEnergy Infrastructure Trust during the third quarter worth $253,000. Algert Global LLC purchased a new position in CorEnergy Infrastructure Trust during the third quarter worth $1,114,000. Public Employees Retirement System of Ohio purchased a new position in CorEnergy Infrastructure Trust during the second quarter worth $1,618,000. Schwab Charles Investment Management Inc. raised its position in CorEnergy Infrastructure Trust by 69.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 33,081 shares of the company’s stock worth $955,000 after buying an additional 13,581 shares during the last quarter. Finally, Bellwether Investment Group LLC purchased a new position in CorEnergy Infrastructure Trust during the second quarter worth $310,000. 58.60% of the stock is currently owned by institutional investors.
Shares of CorEnergy Infrastructure Trust (NYSE:CORR) opened at 28.93 on Thursday. CorEnergy Infrastructure Trust has a one year low of $10.90 and a one year high of $32.28. The stock has a 50 day moving average of $29.20 and a 200-day moving average of $26.42.
CorEnergy Infrastructure Trust (NYSE:CORR) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by $0.04. CorEnergy Infrastructure Trust had a return on equity of 4.25% and a net margin of 18.43%. The firm had revenue of $22.06 million for the quarter, compared to analyst estimates of $21.73 million. Analysts predict that CorEnergy Infrastructure Trust will post $0.31 EPS for the current year.
CorEnergy Infrastructure Trust Company Profile
CorEnergy Infrastructure Trust, Inc 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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