Infrastructure News

CorEnergy Infrastructure Trust (NYSE:CORR) Receives New Coverage from Analysts at StockNews.com



StockNews.com began coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Rating) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the asset manager’s stock.

Shares of NYSE:CORR opened at $2.57 on Friday. CorEnergy Infrastructure Trust has a 1 year low of $2.12 and a 1 year high of $7.75. The company has a market cap of $38.45 million, a PE ratio of -5.84 and a beta of 0.82. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.99 and a quick ratio of 2.69. The stock’s 50-day moving average is $2.78 and its 200 day moving average is $3.42.

A number of large investors have recently made changes to their positions in CORR. GSA Capital Partners LLP increased its holdings in CorEnergy Infrastructure Trust by 637.6% during the 3rd quarter. GSA Capital Partners LLP now owns 79,287 shares of the asset manager’s stock valued at $351,000 after purchasing an additional 68,538 shares during the period. Virtu Financial LLC purchased a new position in shares of CorEnergy Infrastructure Trust during the 4th quarter worth approximately $108,000. BlackRock Inc. grew its holdings in shares of CorEnergy Infrastructure Trust by 11.2% during the 3rd quarter. BlackRock Inc. now owns 323,427 shares of the asset manager’s stock worth $1,432,000 after acquiring an additional 32,565 shares during the period. Geode Capital Management LLC grew its holdings in shares of CorEnergy Infrastructure Trust by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 138,006 shares of the asset manager’s stock worth $611,000 after acquiring an additional 10,601 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of CorEnergy Infrastructure Trust during the 1st quarter worth approximately $326,000. Institutional investors own 16.98% of the company’s stock.

CorEnergy Infrastructure Trust Company Profile (Get Rating)

CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from customers and operators of our assets, including triple-net participating leases and from long term customer contracts.

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