RBC Capital Markets upgraded shares of CorEnergy Infrastructure Trust Inc. (NYSE:CORR) from an underperform rating to a sector perform rating in a report released on Monday morning. RBC Capital Markets currently has $30.00 target price on the stock, up from their previous target price of $23.00.

Several other brokerages also recently issued reports on CORR. Royal Bank Of Canada raised shares of CorEnergy Infrastructure Trust from an underperform rating to a sector perform rating and increased their price objective for the stock from $23.00 to $30.00 in a research report on Monday. Zacks Investment Research lowered shares of CorEnergy Infrastructure Trust from a hold rating to a strong sell rating in a research report on Wednesday, November 9th. Stifel Nicolaus lowered shares of CorEnergy Infrastructure Trust from a buy rating to a hold rating in a research report on Thursday, August 11th. Finally, DA Davidson assumed coverage on shares of CorEnergy Infrastructure Trust in a report on Thursday, September 22nd. They issued a buy rating and a $36.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $32.60.

Analyst Recommendations for CorEnergy Infrastructure Trust (NYSE:CORR)

CorEnergy Infrastructure Trust (NYSE:CORR) opened at 31.95 on Monday. The company has a 50-day moving average of $27.98 and a 200-day moving average of $27.62. CorEnergy Infrastructure Trust has a 1-year low of $10.90 and a 1-year high of $32.28. The firm has a market cap of $379.44 million, a price-to-earnings ratio of 18.09 and a beta of 1.51.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 9.39%. The ex-dividend date of this dividend is Thursday, November 10th. CorEnergy Infrastructure Trust’s dividend payout ratio is presently 170.45%.

Several large investors have recently made changes to their positions in CORR. Greenwich Wealth Management LLC boosted its position in shares of CorEnergy Infrastructure Trust by 1.0% in the second quarter. Greenwich Wealth Management LLC now owns 16,785 shares of the company’s stock worth $484,000 after buying an additional 160 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of CorEnergy Infrastructure Trust by 1.2% in the third quarter. California State Teachers Retirement System now owns 25,358 shares of the company’s stock worth $744,000 after buying an additional 300 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of CorEnergy Infrastructure Trust by 0.8% in the third quarter. TIAA CREF Investment Management LLC now owns 41,601 shares of the company’s stock worth $1,220,000 after buying an additional 330 shares during the last quarter. Independent Order of Foresters raised its stake in shares of CorEnergy Infrastructure Trust by 3.1% in the second quarter. Independent Order of Foresters now owns 12,775 shares of the company’s stock worth $368,000 after buying an additional 386 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of CorEnergy Infrastructure Trust by 2.8% in the third quarter. Rhumbline Advisers now owns 16,729 shares of the company’s stock worth $491,000 after buying an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 58.84% 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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