The Corenergy Infrastructure Trust (CORR) Getting Positive Media Coverage, AlphaOne Reports

The Corenergy Infrastructure Trust (CORR) Getting Positive Media Coverage, AlphaOne Reports

Here are some of the news stories that may have effected AlphaOne’s rankings:

Media coverage about Corenergy Infrastructure Trust (NYSE:CORR) has been trending positive on Monday, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corenergy Infrastructure Trust earned a coverage optimism score of 0.39 on Alpha One’s scale. Alpha One also gave press coverage about the asset manager an impact score of 41 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 target price (up previously from $30.00) on shares of Corenergy Infrastructure Trust in a report on Wednesday, May 17th. Zacks Investment Research cut shares of Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, Stifel Nicolaus cut shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $37.00 to $34.00 in a report on Monday, March 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Corenergy Infrastructure Trust currently has an average rating of “Hold” and a consensus price target of $35.75. Corenergy Infrastructure Trust (CORR) opened at 35.41 on Monday. The stock has a market capitalization of $421.17 million, a price-to-earnings ratio of 14.15 and a beta of 1.61. Corenergy Infrastructure Trust has a 12 month low of $23.21 and a 12 month high of $37.25. The company has a 50-day moving average of $35.78 and a 200 day moving average of $34.79.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date was Friday, May 12th. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is 170.45%. In other Corenergy Infrastructure Trust news, CEO David J. Schulte bought 2,236 shares of Corenergy Infrastructure Trust stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $33.92 per share, for a total transaction of $75,845.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 2,836 shares of company stock valued at $95,332 over the last quarter. Company insiders own 0.97% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CORR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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