California State Teachers Retirement System lowered its stake in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) by 10.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,060 shares of the asset manager’s stock after selling 2,500 shares during the quarter. California State Teachers Retirement System owned 0.18% of CorEnergy Infrastructure Trust worth $707,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in CorEnergy Infrastructure Trust by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock valued at $108,000 after purchasing an additional 30 shares in the last quarter. Stifel Financial Corp increased its stake in CorEnergy Infrastructure Trust by 0.9% during the 2nd quarter. Stifel Financial Corp now owns 13,172 shares of the asset manager’s stock valued at $443,000 after purchasing an additional 118 shares in the last quarter. Rhumbline Advisers increased its stake in CorEnergy Infrastructure Trust by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 16,455 shares of the asset manager’s stock valued at $553,000 after purchasing an additional 173 shares in the last quarter. Teachers Advisors LLC increased its stake in CorEnergy Infrastructure Trust by 0.9% during the 2nd quarter. Teachers Advisors LLC now owns 21,841 shares of the asset manager’s stock valued at $734,000 after purchasing an additional 205 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in CorEnergy Infrastructure Trust by 0.3% during the 2nd quarter. New York State Common Retirement Fund now owns 106,244 shares of the asset manager’s stock valued at $3,569,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) opened at $35.60 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.33 and a current ratio of 5.33. The stock has a market cap of $424.56, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 2.82 and a beta of 2.13. CorEnergy Infrastructure Trust, Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $37.48.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend was Tuesday, November 14th. CorEnergy Infrastructure Trust’s dividend payout ratio is 130.44%.

CORR has been the subject of a number of recent research reports. ValuEngine upgraded shares of CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 16th. BidaskClub lowered shares of CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.33.

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About CorEnergy Infrastructure Trust

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.

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

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