CorEnergy Infrastructure Trust, Inc. (CORR) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) from a sell rating to a hold rating in a report issued on Tuesday morning.

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. “

Several other equities research analysts also recently weighed in on CORR. Bank of America Corporation downgraded shares of CorEnergy Infrastructure Trust from a neutral rating to an underperform rating and set a $35.00 price objective for the company. in a report on Monday, June 26th. ValuEngine downgraded shares of CorEnergy Infrastructure Trust from a strong-buy rating to a buy rating in a report on Tuesday, June 27th. Finally, BidaskClub raised shares of CorEnergy Infrastructure Trust from a hold rating to a buy rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $35.33.

CorEnergy Infrastructure Trust (NYSE:CORR) opened at 35.63 on Tuesday. CorEnergy Infrastructure Trust has a one year low of $23.21 and a one year high of $37.25. The stock has a 50 day moving average of $33.62 and a 200-day moving average of $34.56. The stock has a market cap of $424.07 million, a P/E ratio of 14.73 and a beta of 2.10.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its stake in shares of CorEnergy Infrastructure Trust by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock valued at $108,000 after buying an additional 30 shares in the last quarter. Stifel Financial Corp boosted its position in CorEnergy Infrastructure Trust by 0.9% during the second quarter. Stifel Financial Corp now owns 13,172 shares of the asset manager’s stock worth $443,000 after purchasing an additional 118 shares during the period. Rhumbline Advisers boosted its position in CorEnergy Infrastructure Trust by 1.1% during the second quarter. Rhumbline Advisers now owns 16,455 shares of the asset manager’s stock worth $553,000 after purchasing an additional 173 shares during the period. Teachers Advisors LLC boosted its position in CorEnergy Infrastructure Trust by 0.9% during the second quarter. Teachers Advisors LLC now owns 21,841 shares of the asset manager’s stock worth $734,000 after purchasing an additional 205 shares during the period. Finally, New York State Common Retirement Fund boosted its position in CorEnergy Infrastructure Trust by 0.3% during the second quarter. New York State Common Retirement Fund now owns 106,244 shares of the asset manager’s stock worth $3,569,000 after purchasing an additional 276 shares during the period. 64.23% of the stock is owned by institutional investors and hedge funds.

CorEnergy Infrastructure Trust Company Profile

CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing mids

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. “

Several other equities research analysts also recently weighed in on CORR. Bank of America Corporation downgraded shares of CorEnergy Infrastructure Trust from a neutral rating to an underperform rating and set a $35.00 price objective for the company. in a report on Monday, June 26th. ValuEngine downgraded shares of CorEnergy Infrastructure Trust from a strong-buy rating to a buy rating in a report on Tuesday, June 27th. Finally, BidaskClub raised shares of CorEnergy Infrastructure Trust from a hold rating to a buy rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $35.33.

CorEnergy Infrastructure Trust (NYSE:CORR) opened at 35.63 on Tuesday. CorEnergy Infrastructure Trust has a one year low of $23.21 and a one year high of $37.25. The stock has a 50 day moving average of $33.62 and a 200-day moving average of $34.56. The stock has a market cap of $424.07 million, a P/E ratio of 14.73 and a beta of 2.10.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/corenergy-infrastructure-trust-inc-corr-upgraded-by-zacks-investment-research-to-hold.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its stake in shares of CorEnergy Infrastructure Trust by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock valued at $108,000 after buying an additional 30 shares in the last quarter. Stifel Financial Corp boosted its position in CorEnergy Infrastructure Trust by 0.9% during the second quarter. Stifel Financial Corp now owns 13,172 shares of the asset manager’s stock worth $443,000 after purchasing an additional 118 shares during the period. Rhumbline Advisers boosted its position in CorEnergy Infrastructure Trust by 1.1% during the second quarter. Rhumbline Advisers now owns 16,455 shares of the asset manager’s stock worth $553,000 after purchasing an additional 173 shares during the period. Teachers Advisors LLC boosted its position in CorEnergy Infrastructure Trust by 0.9% during the second quarter. Teachers Advisors LLC now owns 21,841 shares of the asset manager’s stock worth $734,000 after purchasing an additional 205 shares during the period. Finally, New York State Common Retirement Fund boosted its position in CorEnergy Infrastructure Trust by 0.3% during the second quarter. New York State Common Retirement Fund now owns 106,244 shares of the asset manager’s stock worth $3,569,000 after purchasing an additional 276 shares during the period. 64.23% of the stock is owned by institutional investors and hedge funds.

CorEnergy Infrastructure Trust Company Profile

CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets.

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