CorEnergy Infrastructure Trust (NYSE:CORR) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the asset manager’s stock.

CorEnergy Infrastructure Trust Trading Down 2.3 %

NYSE CORR opened at $1.29 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.27 and a debt-to-equity ratio of 1.88. CorEnergy Infrastructure Trust has a twelve month low of $1.28 and a twelve month high of $3.48. The company has a market cap of $19.58 million, a price-to-earnings ratio of -0.82 and a beta of 1.28. The business’s fifty day moving average is $1.83 and its 200 day moving average is $2.05.

Institutional Investors Weigh In On CorEnergy Infrastructure Trust

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of CorEnergy Infrastructure Trust in the 4th quarter worth about $29,000. Renaissance Technologies LLC raised its position in shares of CorEnergy Infrastructure Trust by 94.7% in the 4th quarter. Renaissance Technologies LLC now owns 44,577 shares of the asset manager’s stock worth $93,000 after acquiring an additional 21,677 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in shares of CorEnergy Infrastructure Trust by 80,730.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock worth $34,000,000 after acquiring an additional 16,247,817 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

CorEnergy Infrastructure Trust Company Profile

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CorEnergy Infrastructure Trust, Inc is a real estate investment trust, which focuses on energy infrastructure such as pipelines, storage terminals, transmission, and distribution assets. The company was founded by Richard C. Green, Jr. on September 8, 2005 and is headquartered in Kansas City, MO.