StockNews.com began coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Rating) in a research note released on Saturday morning. The brokerage issued a hold rating on the asset manager's stock.
CorEnergy Infrastructure Trust Trading Down 0.4 %
NYSE:CORR opened at $2.29 on Friday. CorEnergy Infrastructure Trust has a twelve month low of $2.12 and a twelve month high of $5.49. The company has a quick ratio of 2.19, a current ratio of 2.45 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average price of $2.32 and a two-hundred day moving average price of $2.62. The company has a market cap of $34.49 million, a P/E ratio of -6.03 and a beta of 0.68.
Get CorEnergy Infrastructure Trust alerts:CorEnergy Infrastructure Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date was Tuesday, August 16th. CorEnergy Infrastructure Trust's dividend payout ratio (DPR) is currently -52.63%.
Hedge Funds Weigh In On CorEnergy Infrastructure Trust
An institutional investor recently bought a new position in CorEnergy Infrastructure Trust stock. Renaissance Technologies LLC acquired a new stake in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 at the end of the most recent quarter. 14.35% of the stock is owned by hedge funds and other institutional investors.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.
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