StockNews.com began to cover the shares of CorEnergy Infrastructure Trust (NYSE: CORR – Get a rating) in a note released Saturday to investors. The brokerage has set a “holding” rating on the asset manager’s stock.
Shares of NYSE: CORR opened at $2.57 on Friday. CorEnergy Infrastructure Trust has a 1-year minimum of $2.12 and a 1-year maximum of $7.75. The company has a market capitalization of $38.45 million, a PE ratio of -5.84 and a beta of 0.82. The company has a debt ratio of 1.58, a current ratio of 2.99 and a quick ratio of 2.69. The stock’s 50-day moving average is $2.78 and its 200-day moving average is $3.42.
A number of large investors have recently changed their positions in CORR. GSA Capital Partners LLP increased its stake in CorEnergy Infrastructure Trust by 637.6% during the third quarter. GSA Capital Partners LLP now owns 79,287 shares of the asset manager valued at $351,000 after purchasing an additional 68,538 shares during the period. Virtu Financial LLC purchased a new stock position in CorEnergy Infrastructure Trust during Q4 for a value of approximately $108,000. BlackRock Inc. increased its holdings of CorEnergy Infrastructure Trust shares by 11.2% during the third quarter. BlackRock Inc. now owns 323,427 shares of the asset manager worth $1,432,000 after acquiring an additional 32,565 shares during the period. Geode Capital Management LLC increased its holdings of CorEnergy Infrastructure Trust shares by 8.3% during the third quarter. Geode Capital Management LLC now owns 138,006 shares of the asset manager worth $611,000 after acquiring an additional 10,601 shares during the period. Finally, Marshall Wace LLP bought a new stock position in CorEnergy Infrastructure Trust during Q1 worth approximately $326,000. Institutional investors hold 16.98% of the company’s shares.
Company Profile (Get a rating)
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 contractual revenue from customers and operators of our assets, including triple net equity leases and long-term customer contracts.
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