First Trust Advisors LP bought a new stake in shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,378 shares of the asset manager’s stock, valued at approximately $332,000. First Trust Advisors LP owned approximately 0.08% of CorEnergy Infrastructure Trust at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of CorEnergy Infrastructure Trust by 9.0% during the 2nd quarter. Vanguard Group Inc. now owns 611,713 shares of the asset manager’s stock valued at $20,548,000 after purchasing an additional 50,263 shares during the period. Atwood & Palmer Inc. acquired a new position in shares of CorEnergy Infrastructure Trust during the 2nd quarter valued at $101,000. Northern Trust Corp increased its position in shares of CorEnergy Infrastructure Trust by 9.7% during the 2nd quarter. Northern Trust Corp now owns 223,968 shares of the asset manager’s stock valued at $7,523,000 after purchasing an additional 19,727 shares during the period. State Street Corp increased its position in shares of CorEnergy Infrastructure Trust by 5.3% during the 2nd quarter. State Street Corp now owns 277,997 shares of the asset manager’s stock valued at $9,339,000 after purchasing an additional 14,110 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of CorEnergy Infrastructure Trust by 62.6% during the 2nd quarter. Nationwide Fund Advisors now owns 11,692 shares of the asset manager’s stock valued at $393,000 after purchasing an additional 4,500 shares during the period. 62.05% of the stock is currently owned by hedge funds and other institutional investors.

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) opened at $36.04 on Monday. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $429.21, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.86 and a beta of 2.13. CorEnergy Infrastructure Trust, Inc. has a 1-year low of $31.45 and a 1-year high of $37.48.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date of this dividend was Tuesday, November 14th. CorEnergy Infrastructure Trust’s payout ratio is 130.44%.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. ValuEngine cut CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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.

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

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