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CorEnergy Infrastructure Trust (NYSE:CORR) Share Price Passes Below 200-Day Moving Average of $2.76

Defense World · Aug 25, 2022 03:21

Shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.76 and traded as low as $2.30. CorEnergy Infrastructure Trust shares last traded at $2.33, with a volume of 18,733 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of CorEnergy Infrastructure Trust in a research note on Thursday. They set a "hold" rating for the company.

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CorEnergy Infrastructure Trust Trading Up 2.2 %

The stock has a market cap of $35.09 million, a PE ratio of -6.13 and a beta of 0.73. The company's 50-day moving average price is $2.40 and its 200 day moving average price is $2.76. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.19 and a current ratio of 2.45.

CorEnergy Infrastructure Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.20 annualized dividend and a yield of 8.58%. CorEnergy Infrastructure Trust's dividend payout ratio (DPR) is -52.63%.

Institutional Investors Weigh In On CorEnergy Infrastructure Trust

A hedge fund recently bought a new stake in CorEnergy Infrastructure Trust stock. Renaissance Technologies LLC acquired a new stake in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,800 shares of the asset manager's stock, valued at approximately $55,000. Renaissance Technologies LLC owned approximately 0.15% of CorEnergy Infrastructure Trust at the end of the most recent quarter. Institutional investors own 16.98% of the company's stock.

About CorEnergy Infrastructure Trust

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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.