StockNews.com Begins Coverage on CorEnergy Infrastructure Trust (NYSE:CORR)

StockNews.com started coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR) in a report issued on Friday. The brokerage issued a hold rating on the asset manager’s stock.

CorEnergy Infrastructure Trust Stock Performance

Shares of CORR stock opened at $0.83 on Friday. CorEnergy Infrastructure Trust has a one year low of $0.72 and a one year high of $3.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.50 and a current ratio of 1.72. The company has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.11. The firm has a market capitalization of $12.81 million, a price-to-earnings ratio of 2.61 and a beta of 1.32.

Institutional Investors Weigh In On CorEnergy Infrastructure Trust

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of CorEnergy Infrastructure Trust in the fourth quarter valued at $29,000. Renaissance Technologies LLC acquired a new stake in shares of CorEnergy Infrastructure Trust during the second quarter worth $55,000. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of CorEnergy Infrastructure Trust by 80,730.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock worth $34,000,000 after purchasing an additional 16,247,817 shares during the period. Institutional investors and hedge funds own 8.28% of the company’s stock.

About CorEnergy Infrastructure Trust

CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way.