Corenergy Infrastructure Trust (NYSE:CORR) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of Corenergy Infrastructure Trust (NYSE:CORR) from a buy rating to a strong-buy rating in a research note released on Saturday, ValuEngine reports.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Corenergy Infrastructure Trust from a buy rating to a strong sell rating in a research note on Thursday, April 16th. DA Davidson cut their target price on Corenergy Infrastructure Trust from $15.00 to $8.00 and set an underperform rating for the company in a research note on Friday, June 26th. Finally, Stifel Nicolaus cut their target price on 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. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. Corenergy Infrastructure Trust presently has a consensus rating of Hold and an average price target of $16.67.

CORR stock opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 17.16 and a current ratio of 17.16. The company has a market capitalization of $119.31 million, a price-to-earnings ratio of -24.72 and a beta of 1.21. Corenergy Infrastructure Trust has a fifty-two week low of $8.45 and a fifty-two week high of $49.75. The stock has a fifty day moving average of $11.19 and a 200-day moving average of $27.59.

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in shares of Corenergy Infrastructure Trust by 77.1% in the 4th quarter. US Bancorp DE now owns 790 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 344 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Corenergy Infrastructure Trust by 54.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,391 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 490 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Corenergy Infrastructure Trust in the 1st quarter valued at about $74,000. Synovus Financial Corp purchased a new stake in shares of Corenergy Infrastructure Trust in the 1st quarter valued at about $36,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Corenergy Infrastructure Trust in the 4th quarter valued at about $108,000. 62.01% of the stock is currently owned by hedge funds and other institutional investors.

About Corenergy Infrastructure Trust

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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