Prudential Financial Inc. Trims Holdings in CorEnergy Infrastructure Trust, Inc. (CORR)

Prudential Financial Inc. cut its holdings in shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,945 shares of the asset manager’s stock after selling 11,588 shares during the quarter. Prudential Financial Inc. owned 1.56% of CorEnergy Infrastructure Trust worth $6,246,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CORR. Legal & General Group Plc lifted its holdings in CorEnergy Infrastructure Trust by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 3,189 shares of the asset manager’s stock worth $108,000 after buying an additional 30 shares in the last quarter. American International Group Inc. lifted its holdings in CorEnergy Infrastructure Trust by 7.1% during the 1st quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock worth $249,000 after buying an additional 487 shares in the last quarter. SG Americas Securities LLC lifted its holdings in CorEnergy Infrastructure Trust by 60.6% during the 1st quarter. SG Americas Securities LLC now owns 8,241 shares of the asset manager’s stock worth $278,000 after buying an additional 3,111 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in CorEnergy Infrastructure Trust during the 2nd quarter worth approximately $290,000. Finally, Globeflex Capital L P lifted its holdings in CorEnergy Infrastructure Trust by 17,834.0% during the 1st quarter. Globeflex Capital L P now owns 8,967 shares of the asset manager’s stock worth $303,000 after buying an additional 8,917 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

Shares of CorEnergy Infrastructure Trust, Inc. (CORR) opened at 33.43 on Friday. The stock has a 50 day moving average of $33.78 and a 200-day moving average of $34.42. The firm has a market capitalization of $397.88 million, a price-to-earnings ratio of 13.82 and a beta of 2.07. CorEnergy Infrastructure Trust, Inc. has a one year low of $23.21 and a one year high of $37.25.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.00 annualized dividend and a yield of 8.97%. CorEnergy Infrastructure Trust’s dividend payout ratio is currently 124.48%.

CORR has been the topic of a number of research reports. ValuEngine lowered shares of CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Bank of America Corporation lowered shares of CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $35.60.

In other CorEnergy Infrastructure Trust news, CEO David J. Schulte acquired 1,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $32.89 per share, for a total transaction of $32,890.00. Following the completion of the purchase, the chief executive officer now directly owns 21,010 shares in the company, valued at $691,018.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.99% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for CorEnergy Infrastructure Trust (NYSE:CORR)

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