Equities research analysts at StockNews.com started coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Rating) in a research note issued on Sunday. The firm set a “hold” rating on the asset manager’s stock.
CorEnergy Infrastructure Trust Trading Down 0.9 %
Shares of CorEnergy Infrastructure Trust stock opened at $2.15 on Friday. CorEnergy Infrastructure Trust has a 52-week low of $2.08 and a 52-week high of $5.49. The company has a quick ratio of 2.19, a current ratio of 2.45 and a debt-to-equity ratio of 1.59. The company’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $2.60. The firm has a market cap of $32.38 million, a price-to-earnings ratio of -5.66 and a beta of 0.68.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in CorEnergy Infrastructure Trust stock. Renaissance Technologies LLC purchased a new stake in CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,800 shares of the asset manager’s stock, valued at approximately $55,000. Renaissance Technologies LLC owned about 0.15% of CorEnergy Infrastructure Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 14.35% of the company’s stock.
About CorEnergy Infrastructure Trust
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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