Investment analysts at 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.

CorEnergy Infrastructure Trust Stock Performance

Shares of CorEnergy Infrastructure Trust stock opened at $2.32 on Friday. The company has a market cap of $34.94 million, a PE ratio of -6.11 and a beta of 0.68. The company has a current ratio of 2.45, a quick ratio of 2.19 and a debt-to-equity ratio of 1.59. The company has a 50 day moving average of $2.33 and a 200-day moving average of $2.64. CorEnergy Infrastructure Trust has a 1-year low of $2.12 and a 1-year high of $5.49.

Hedge Funds Weigh In On CorEnergy Infrastructure Trust

An institutional investor recently bought a new position in CorEnergy Infrastructure Trust stock. Renaissance Technologies LLC bought a new position in shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,800 shares of the asset manager's stock, valued at approximately $55,000. Renaissance Technologies LLC owned about 0.15% of CorEnergy Infrastructure Trust as of its most recent SEC filing. Institutional investors own 14.35% of the company's stock.

CorEnergy Infrastructure Trust Company Profile

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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