StockNews.com initiated coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Free Report) in a report issued on Monday morning. The brokerage issued a hold rating on the asset manager’s stock.
CorEnergy Infrastructure Trust Stock Performance
The stock has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.49. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $304,000.00, a price-to-earnings ratio of -0.01 and a beta of 1.21. CorEnergy Infrastructure Trust has a 52-week low of $0.02 and a 52-week high of $1.75.
Institutional Investors Weigh In On CorEnergy Infrastructure Trust
A number of institutional investors have recently made changes to their positions in CORR. Renaissance Technologies LLC acquired a new stake in CorEnergy Infrastructure Trust in the 2nd quarter valued at approximately $55,000. Jane Street Group LLC purchased a new position in shares of CorEnergy Infrastructure Trust during the fourth quarter worth $29,000. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of CorEnergy Infrastructure Trust by 80,730.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock valued at $34,000,000 after buying an additional 16,247,817 shares in the last quarter. 8.28% of the stock is currently owned by institutional investors and hedge funds.
About CorEnergy Infrastructure Trust
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way. On February 25, 2024, CorEnergy Infrastructure Trust, Inc filed a voluntary petition for reorganization under Chapter 11 in the U.S.
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