CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) CEO David J. Schulte purchased 2,236 shares of CorEnergy Infrastructure Trust stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $33.92 per share, for a total transaction of $75,845.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of CorEnergy Infrastructure Trust, Inc. (CORR) traded up 0.20% on Friday, reaching $35.10. 64,494 shares of the company’s stock traded hands. The firm has a market capitalization of $417.48 million, a P/E ratio of 14.03 and a beta of 1.98. The firm’s 50 day moving average is $35.43 and its 200 day moving average is $34.98. CorEnergy Infrastructure Trust, Inc. has a 52 week low of $23.21 and a 52 week high of $37.25.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 16th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a $3.00 dividend on an annualized basis and a yield of 8.55%. CorEnergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 120.48%.

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A number of hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its stake in shares of CorEnergy Infrastructure Trust by 28.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,880 shares of the asset manager’s stock worth $172,000 after buying an additional 1,300 shares during the period. Tiedemann Wealth Management LLC acquired a new stake in shares of CorEnergy Infrastructure Trust during the first quarter worth about $236,000. American International Group Inc. raised its stake in shares of CorEnergy Infrastructure Trust by 7.1% in the first quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock worth $249,000 after buying an additional 487 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of CorEnergy Infrastructure Trust during the third quarter worth about $227,000. Finally, SG Americas Securities LLC raised its stake in shares of CorEnergy Infrastructure Trust by 60.6% in the first quarter. SG Americas Securities LLC now owns 8,241 shares of the asset manager’s stock worth $278,000 after buying an additional 3,111 shares during the period. Institutional investors own 70.78% of the company’s stock.

Several research analysts recently commented on the stock. Stifel Nicolaus downgraded shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $37.00 to $34.00 in a research note on Monday, March 6th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 price target (up previously from $30.00) on shares of CorEnergy Infrastructure Trust in a research note on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.75.

CorEnergy Infrastructure Trust Company Profile

CorEnergy Infrastructure Trust, Inc (CorEnergy) 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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