Corenergy Infrastructure Trust (NYSE:CORR) Price Target Lowered to $8.00 at DA Davidson
Corenergy Infrastructure Trust (NYSE:CORR) had its price objective decreased by DA Davidson from $15.00 to $8.00 in a research report released on Friday morning, The Fly reports. DA Davidson currently has an underperform rating on the asset manager’s stock.
CORR has been the subject of several other research reports. Zacks Investment Research lowered shares of Corenergy Infrastructure Trust from a buy rating to a strong sell rating in a research note on Thursday, April 16th. Stifel Nicolaus lowered their price objective on shares of Corenergy Infrastructure Trust from $44.00 to $15.00 and set a hold rating for the company in a research note on Tuesday, April 14th. Finally, ValuEngine raised shares of Corenergy Infrastructure Trust from a strong sell rating to a sell rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. Corenergy Infrastructure Trust has an average rating of Hold and an average target price of $16.67.
NYSE CORR opened at $9.64 on Friday. The firm has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $27.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 17.16 and a current ratio of 17.16. Corenergy Infrastructure Trust has a one year low of $8.45 and a one year high of $49.75. The firm has a market cap of $119.31 million, a price-to-earnings ratio of -24.72 and a beta of 1.21.
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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