CorEnergy Infrastructure Trust Inc. (NYSE:CORR) was downgraded by stock analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a report released on Monday. They currently have a $23.00 target price on the stock, down from their prior target price of $30.00. Royal Bank Of Canada’s price target indicates a potential downside of 20.50% from the stock’s previous close.

Several other analysts have also recently commented on CORR. TheStreet upgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, June 29th. Zacks Investment Research cut shares of CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Stifel Nicolaus cut shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. RBC Capital Markets reiterated a “sector perform” rating and issued a $30.00 price objective (up previously from $23.00) on shares of CorEnergy Infrastructure Trust in a research note on Saturday, August 13th. Finally, DA Davidson assumed coverage on shares of CorEnergy Infrastructure Trust in a research note on Thursday, September 22nd. They issued a “buy” rating and a $36.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. CorEnergy Infrastructure Trust has an average rating of “Hold” and an average target price of $29.40.

Analyst Recommendations for CorEnergy Infrastructure Trust (NYSE:CORR)

CorEnergy Infrastructure Trust (NYSE:CORR) opened at 28.93 on Monday. CorEnergy Infrastructure Trust has a 12-month low of $10.90 and a 12-month high of $32.28. The firm has a 50-day moving average of $29.20 and a 200 day moving average of $26.42.

CorEnergy Infrastructure Trust (NYSE:CORR) last released its earnings results on Tuesday, August 9th. The company reported $1.04 EPS 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 earned $22.06 million during the quarter, compared to analyst estimates of $21.73 million. Equities research analysts expect that CorEnergy Infrastructure Trust will post $0.31 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Greenwich Wealth Management LLC increased its position in CorEnergy Infrastructure Trust by 1.0% in the second quarter. Greenwich Wealth Management LLC now owns 16,785 shares of the company’s stock valued at $484,000 after buying an additional 160 shares during the period. Independent Order of Foresters increased its position in CorEnergy Infrastructure Trust by 3.1% in the second quarter. Independent Order of Foresters now owns 12,775 shares of the company’s stock valued at $368,000 after buying an additional 386 shares during the period. Parametric Portfolio Associates LLC increased its position in CorEnergy Infrastructure Trust by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 17,619 shares of the company’s stock valued at $508,000 after buying an additional 778 shares during the period. First Allied Advisory Services Inc. increased its position in CorEnergy Infrastructure Trust by 6.3% in the second quarter. First Allied Advisory Services Inc. now owns 14,740 shares of the company’s stock valued at $430,000 after buying an additional 871 shares during the period. Finally, American International Group Inc. increased its position in CorEnergy Infrastructure Trust by 21.6% in the second quarter. American International Group Inc. now owns 6,883 shares of the company’s stock valued at $199,000 after buying an additional 1,223 shares during the period. Hedge funds and other institutional investors own 58.57% of the company’s stock.

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.

5 Day Chart for NYSE:CORR

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