CorEnergy Infrastructure Trust (NYSE:CORR) Receives New Coverage from Analysts at assumed coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORRGet Rating) in a research report sent to investors on Monday morning. The firm issued a hold rating on the asset manager’s stock.

CorEnergy Infrastructure Trust Trading Up 1.8 %

Shares of NYSE:CORR opened at $2.32 on Monday. The company has a market cap of $35.22 million, a P/E ratio of -1.48 and a beta of 0.87. The stock’s 50-day moving average is $1.93 and its 200-day moving average is $2.28. CorEnergy Infrastructure Trust has a 52-week low of $1.51 and a 52-week high of $4.37. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.97 and a current ratio of 2.27.

CorEnergy Infrastructure Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Tuesday, November 15th. CorEnergy Infrastructure Trust’s dividend payout ratio (DPR) is -12.74%.

Institutional Investors Weigh In On CorEnergy Infrastructure Trust

A hedge fund recently bought a new stake in CorEnergy Infrastructure Trust stock. Renaissance Technologies LLC purchased a new position in shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORRGet Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,800 shares of the asset manager’s stock, valued at approximately $55,000. Renaissance Technologies LLC owned 0.15% of CorEnergy Infrastructure Trust at the end of the most recent quarter. Hedge funds and other institutional investors own 14.35% of the company’s stock.

About CorEnergy Infrastructure Trust

(Get 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 contracted revenue from customers and operators of our assets, including triple-net participating leases and from long term customer contracts.

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