Shares of CorEnergy Infrastructure Trust Inc. (NYSE:CORR) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the company. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $32.50.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 17th. 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 target for the company. RBC Capital Markets restated a “sector perform” rating and issued a $30.00 price target (up previously from $23.00) on shares of CorEnergy Infrastructure Trust in a research note on Saturday, August 13th. Royal Bank Of Canada upgraded shares of CorEnergy Infrastructure Trust from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from $23.00 to $30.00 in a research note on Monday, November 14th. Finally, Stifel Nicolaus upgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $34.00 in a research note on Tuesday, November 15th.

A number of large investors have recently made changes to their positions in 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 worth $1,235,000 after buying an additional 11,800 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of CorEnergy Infrastructure Trust during the first quarter worth $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 worth $7,917,000 after buying an additional 52,673 shares during the period. 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 worth $14,193,000 after buying an additional 23,111 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of CorEnergy Infrastructure Trust by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 136,964 shares of the company’s stock worth $3,951,000 after buying an additional 15,137 shares during the period. 58.84% of the stock is owned by hedge funds and other institutional investors.

CorEnergy Infrastructure Trust (NYSE:CORR) opened at 31.42 on Thursday. The firm has a market capitalization of $373.14 million, a P/E ratio of 17.79 and a beta of 1.51. The company has a 50 day moving average price of $27.89 and a 200 day moving average price of $27.35. CorEnergy Infrastructure Trust has a 52-week low of $10.90 and a 52-week high of $32.28.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, November 10th. This represents a $3.00 dividend on an annualized basis and a yield of 9.55%. CorEnergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 170.45%.

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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