Zacks Investment Research lowered shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) from a buy rating to a hold rating in a research note released on Monday.

According to Zacks, “CorEnergy Infrastructure Trust, Inc. seeks to invest primarily in the U.S. energy infrastructure sector. It seeks to acquire midstream and downstream U.S. energy infrastructure assets and concurrently enter into long-term triple net leases with energy companies. These assets may include pipelines, storage tanks, transmission lines and gathering systems, among others. CorEnergy Infrastructure Trust, Inc., formerly known as Tortoise Capital Resources Corporation, is based in United States. “

A number of other equities research analysts also recently weighed in on the company. RBC Capital Markets downgraded Corenergy Infrastructure Trust from a sector perform rating to an underperform rating and decreased their price objective for the company from $30.00 to $23.00 in a report on Monday. They noted that the move was a valuation call. Royal Bank Of Canada downgraded Corenergy Infrastructure Trust from a sector perform rating to an underperform rating and decreased their price objective for the company from $30.00 to $23.00 in a report on Monday. DA Davidson assumed coverage on Corenergy Infrastructure Trust in a report on Thursday, September 22nd. They set a buy rating and a $36.00 price objective on the stock. Stifel Nicolaus downgraded Corenergy Infrastructure Trust from a buy rating to a hold rating in a 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 analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Corenergy Infrastructure Trust presently has an average rating of Hold and an average price target of $29.40.

Corenergy Infrastructure Trust (NYSE:CORR) opened at 24.92 on Monday. Corenergy Infrastructure Trust has a 12 month low of $10.90 and a 12 month high of $32.28. The stock’s 50 day moving average price is $29.07 and its 200 day moving average price is $26.57.

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

Several hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in shares of Corenergy Infrastructure Trust by 23.8% in the first quarter. Prudential Financial Inc. now owns 61,435 shares of the company’s stock valued at $1,235,000 after buying an additional 11,800 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in shares of Corenergy Infrastructure Trust by 2.8% in the first quarter. Mariner Wealth Advisors LLC now owns 50,733 shares of the company’s stock valued at $1,020,000 after buying an additional 1,390 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Corenergy Infrastructure Trust during the first quarter valued at approximately $408,000. Energy Income Partners LLC boosted its stake in shares of Corenergy Infrastructure Trust by 15.4% in the first quarter. Energy Income Partners LLC now owns 393,724 shares of the company’s stock valued at $7,917,000 after buying an additional 52,673 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of Corenergy Infrastructure Trust by 4.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 491,942 shares of the company’s stock valued at $14,193,000 after buying an additional 23,111 shares during the last quarter. Institutional investors own 58.57% of the company’s stock.

About Corenergy Infrastructure Trust

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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