Corenergy Infrastructure Trust Inc (CORR) CEO David J. Schulte Buys 690 Shares

Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO David J. Schulte bought 690 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were acquired at an average price of $37.27 per share, with a total value of $25,716.30. Following the purchase, the chief executive officer now owns 21,610 shares of the company’s stock, valued at $805,404.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Corenergy Infrastructure Trust Inc (NYSE CORR) traded down $0.07 on Friday, reaching $38.49. The company’s stock had a trading volume of 57,938 shares, compared to its average volume of 97,572. The firm has a market capitalization of $458.39, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 3.05 and a beta of 2.11. Corenergy Infrastructure Trust Inc has a 52 week low of $31.45 and a 52 week high of $38.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.33 and a current ratio of 5.33.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub cut Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, ValuEngine upgraded Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $37.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its position in Corenergy Infrastructure Trust by 26.9% during the third quarter. California Public Employees Retirement System now owns 16,364 shares of the asset manager’s stock worth $578,000 after buying an additional 3,464 shares during the period. Allianz Asset Management GmbH increased its position in Corenergy Infrastructure Trust by 23.2% during the third quarter. Allianz Asset Management GmbH now owns 22,793 shares of the asset manager’s stock worth $806,000 after buying an additional 4,292 shares during the period. D.A. Davidson & CO. increased its position in Corenergy Infrastructure Trust by 6.8% during the third quarter. D.A. Davidson & CO. now owns 78,770 shares of the asset manager’s stock worth $2,784,000 after buying an additional 5,002 shares during the period. Benchmark Capital Advisors acquired a new position in Corenergy Infrastructure Trust during the third quarter worth approximately $621,000. Finally, First Trust Advisors LP acquired a new position in Corenergy Infrastructure Trust during the third quarter worth approximately $332,000. 62.05% of the stock is currently owned by institutional investors.

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About Corenergy Infrastructure Trust

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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