Zacks Investment Research downgraded shares of Corenergy Infrastructure Trust (NYSE:CORR) from a hold rating to a sell rating in a report published on Monday morning, Zacks.com reports.

According to Zacks, “CorEnergy Infrastructure Trust, Inc. seeks to invest primarily in the U.S. energy infrastructure sector. It seeks to acquire midstream and downstream U.S. energy infrastructure assets and concurrently enter into long-term triple net leases with energy companies. These assets may include pipelines, storage tanks, transmission lines and gathering systems, among others. CorEnergy Infrastructure Trust, Inc., formerly known as Tortoise Capital Resources Corporation, is based in United States. “

Shares of NYSE CORR traded down $0.15 during midday trading on Monday, reaching $45.37. 132,800 shares of the stock were exchanged, compared to its average volume of 93,172. The company has a 50 day simple moving average of $47.13 and a 200 day simple moving average of $42.93. The stock has a market capitalization of $619.22 million, a P/E ratio of 12.26 and a beta of 1.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 14.81 and a current ratio of 14.81. Corenergy Infrastructure Trust has a twelve month low of $32.52 and a twelve month high of $49.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 6.61%. Corenergy Infrastructure Trust’s dividend payout ratio is currently 81.08%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Corenergy Infrastructure Trust by 8.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,891 shares of the asset manager’s stock worth $273,000 after buying an additional 536 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Corenergy Infrastructure Trust during the 2nd quarter worth approximately $466,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Corenergy Infrastructure Trust by 10.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,459 shares of the asset manager’s stock worth $1,209,000 after buying an additional 2,819 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Corenergy Infrastructure Trust by 3.1% during the 2nd quarter. Northern Trust Corp now owns 228,862 shares of the asset manager’s stock worth $9,078,000 after buying an additional 6,863 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Corenergy Infrastructure Trust by 171.1% during the 2nd quarter. Advisor Group Inc. now owns 3,045 shares of the asset manager’s stock worth $121,000 after buying an additional 1,922 shares during the last quarter. Institutional investors and hedge funds own 65.27% 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 operators of our assets, primarily under triple-net participating leases.

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