Shares of CorEnergy Infrastructure Trust Inc. (NYSE:CORR) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $27.33.

A number of analysts have commented on CORR shares. RBC Capital Markets cut CorEnergy Infrastructure Trust from a “sector perform” rating to an “underperform” rating and reduced their price target for the stock from $30.00 to $23.00 in a research report on Monday. They noted that the move was a valuation call. Royal Bank Of Canada cut CorEnergy Infrastructure Trust from a “sector perform” rating to an “underperform” rating and reduced their price target for the stock from $30.00 to $23.00 in a research report on Monday. DA Davidson started coverage on CorEnergy Infrastructure Trust in a research report on Thursday, September 22nd. They issued a “buy” rating and a $36.00 price target for the company. TheStreet upgraded CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, June 29th. Finally, Zacks Investment Research upgraded CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.

CorEnergy Infrastructure Trust (NYSE:CORR) opened at 24.92 on Thursday. CorEnergy Infrastructure Trust has a one year low of $10.90 and a one year high of $32.28. The company’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 issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by $0.04. The company earned $22.06 million during the quarter, compared to analysts’ expectations of $21.73 million. CorEnergy Infrastructure Trust had a return on equity of 4.25% and a net margin of 18.43%. On average, equities analysts anticipate that CorEnergy Infrastructure Trust will post $0.31 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its position in 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 period. American International Group Inc. raised 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 worth $199,000 after buying an additional 1,223 shares during the period. MSI Financial Services Inc acquired a new position in CorEnergy Infrastructure Trust during the third quarter worth $253,000. Metropolitan Life Insurance Co. NY acquired a new position in CorEnergy Infrastructure Trust during the second quarter worth $256,000. Finally, Bellwether Investment Group LLC acquired a new position in CorEnergy Infrastructure Trust during the second quarter worth $310,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

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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