Schwab Charles Investment Management Inc. held its stake in shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,168 shares of the asset manager’s stock at the end of the first quarter. Schwab Charles Investment Management Inc. owned about 0.68% of CorEnergy Infrastructure Trust worth $2,742,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CORR. Systematic Financial Management LP raised its stake in CorEnergy Infrastructure Trust by 12.4% in the first quarter. Systematic Financial Management LP now owns 124,080 shares of the asset manager’s stock valued at $4,191,000 after buying an additional 13,666 shares during the period. AXA raised its stake in CorEnergy Infrastructure Trust by 84.4% in the first quarter. AXA now owns 43,050 shares of the asset manager’s stock valued at $1,454,000 after buying an additional 19,700 shares during the period. American International Group Inc. raised its stake in 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 valued at $249,000 after buying an additional 487 shares during the period. SG Americas Securities LLC raised its stake in 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 valued at $278,000 after buying an additional 3,111 shares during the period. Finally, Prudential Financial Inc. raised its stake in CorEnergy Infrastructure Trust by 30.0% in the first quarter. Prudential Financial Inc. now owns 197,533 shares of the asset manager’s stock valued at $6,673,000 after buying an additional 45,620 shares during the period. Institutional investors and hedge funds own 68.73% of the company’s stock.

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) traded down 2.090% on Monday, hitting $31.625. 65,513 shares of the company’s stock traded hands. CorEnergy Infrastructure Trust, Inc. has a one year low of $23.21 and a one year high of $37.25. The stock has a market cap of $376.40 million, a PE ratio of 13.074 and a beta of 2.06. The stock has a 50-day moving average of $34.68 and a 200-day moving average of $34.83.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 9.29%. The ex-dividend date of this dividend is Tuesday, August 15th. CorEnergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 124.48%.

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CORR has been the subject of several analyst reports. BidaskClub upgraded CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine lowered CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Royal Bank Of Canada reiterated 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, Bank of America Corporation lowered CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target for the company. in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CorEnergy Infrastructure Trust currently has a consensus rating of “Hold” and an average target price of $35.60.

In other news, CEO David J. Schulte bought 1,000 shares of CorEnergy Infrastructure Trust stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $32.89 per share, for a total transaction of $32,890.00. Following the purchase, the chief executive officer now owns 21,010 shares of the company’s stock, valued at $691,018.90. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.99% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for CorEnergy Infrastructure Trust (NYSE:CORR)

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