CorEnergy Infrastructure Trust Inc. (NYSE:CORR) was downgraded by research analysts at RBC Capital Markets from a “sector perform” rating to an “underperform” rating in a research note issued on Monday. They currently have a $23.00 price target on the stock, down from their previous price target of $30.00. RBC Capital Markets’ price objective would indicate a potential downside of 20.50% from the company’s current price. The analysts noted that the move was a valuation call.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada cut CorEnergy Infrastructure Trust from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $30.00 to $23.00 in a research report on Monday. DA Davidson assumed coverage on CorEnergy Infrastructure Trust in a research report on Thursday, September 22nd. They issued a “buy” rating and a $36.00 price objective on the stock. Zacks Investment Research raised CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Monday, August 15th. Stifel Nicolaus cut CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, TheStreet raised CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. CorEnergy Infrastructure Trust presently has a consensus rating of “Hold” and an average price target 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 stock has a 50 day moving average price of $29.20 and a 200 day moving average price of $26.42.

CorEnergy Infrastructure Trust (NYSE:CORR) last released its quarterly earnings data on Tuesday, August 9th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.04. The business earned $22.06 million during the quarter, compared to the consensus estimate of $21.73 million. CorEnergy Infrastructure Trust had a net margin of 18.43% and a return on equity of 4.25%. Equities analysts expect that CorEnergy Infrastructure Trust will post $0.31 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Advisors LLC raised its position in shares of CorEnergy Infrastructure Trust by 53.5% in the second quarter. BlackRock Advisors LLC now owns 5,552 shares of the company’s stock worth $160,000 after buying an additional 1,934 shares during the last quarter. American International Group Inc. increased its position in shares of CorEnergy Infrastructure Trust by 21.6% in the second quarter. American International Group Inc. now owns 6,883 shares of the company’s stock worth $199,000 after buying an additional 1,223 shares during the last quarter. MSI Financial Services Inc acquired a new position in shares of CorEnergy Infrastructure Trust during the third quarter worth approximately $253,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of CorEnergy Infrastructure Trust during the second quarter worth approximately $256,000. Finally, Bellwether Investment Group LLC acquired a new position in shares of CorEnergy Infrastructure Trust during the second quarter worth approximately $310,000. 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.

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