CorEnergy Infrastructure Trust (NYSE:CORR) Now Covered by Analysts at StockNews.com

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

CorEnergy Infrastructure Trust Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 2.21. CorEnergy Infrastructure Trust has a one year low of $0.02 and a one year high of $1.75. The firm has a market capitalization of $304,000.00, a price-to-earnings ratio of -0.01 and a beta of 1.21. The firm’s 50-day moving average price is $0.23 and its two-hundred day moving average price is $0.46.

Hedge Funds Weigh In On CorEnergy Infrastructure Trust

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in CorEnergy Infrastructure Trust in the fourth quarter valued at about $29,000. Renaissance Technologies LLC acquired a new position in CorEnergy Infrastructure Trust in the second quarter valued at about $55,000. Finally, Moneta Group Investment Advisors LLC lifted its stake in CorEnergy Infrastructure Trust by 80,730.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock valued at $34,000,000 after buying an additional 16,247,817 shares during the period. Institutional investors and hedge funds own 8.28% of the company’s stock.

CorEnergy Infrastructure Trust Company Profile

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. On February 25, 2024, CorEnergy Infrastructure Trust, Inc filed a voluntary petition for reorganization under Chapter 11 in the U.S.