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CorEnergy Infrastructure Trust (NYSE:CORR) Coverage Initiated at StockNews.com

kopsource ·  Sep 5, 2022 03:41

StockNews.com started coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Rating) in a research note published on Friday. The brokerage issued a hold rating on the asset manager's stock.

CorEnergy Infrastructure Trust Trading Down 2.2 %

NYSE:CORR opened at $2.23 on Friday. CorEnergy Infrastructure Trust has a one year low of $2.12 and a one year high of $5.49. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.45 and a quick ratio of 2.19. The company's 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.71. The firm has a market capitalization of $33.59 million, a P/E ratio of -5.87 and a beta of 0.73.

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CorEnergy Infrastructure Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 8.97%. The ex-dividend date was Tuesday, August 16th. CorEnergy Infrastructure Trust's payout ratio is currently -52.63%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CorEnergy Infrastructure Trust stock. Renaissance Technologies LLC bought a new position in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 14.35% of the company's stock.

CorEnergy Infrastructure Trust Company Profile

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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.

Further Reading

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