Media coverage about CorEnergy Infrastructure Trust (NYSE:CORR) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CorEnergy Infrastructure Trust earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 45.3719261581423 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Analyzing QTS Realty Trust (QTS) & CorEnergy Infrastructure Trust (CORR) (lightwaveonline.com)
- Why Betting on REITs Could Be Risky Now – Nasdaq (nasdaq.com)
- Zacks Industry Outlook Highlights: NexPoint Residential Trust, Retail Opportunity Investments, CorEnergy Infrastructure Trust and Public Storage (finance.yahoo.com)
- 6 Reasons This 15% Yielding Stock Is A Screaming Buy And My Largest Holding (seekingalpha.com)
- Comparing CorEnergy Infrastructure Trust (CORR) and Communications Sales & Leasing,Inc. (UNIT) (americanbankingnews.com)
A number of equities analysts recently commented on the company. ValuEngine downgraded CorEnergy Infrastructure Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded CorEnergy Infrastructure Trust from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Bank of America Corporation downgraded CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a report on Monday, June 26th. Finally, Zacks Investment Research cut CorEnergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.50.
Shares of CorEnergy Infrastructure Trust (CORR) traded up 4.06% on Friday, reaching $33.59. The company had a trading volume of 90,244 shares. The firm has a market capitalization of $399.79 million, a price-to-earnings ratio of 13.89 and a beta of 2.07. The company’s 50-day moving average price is $33.63 and its 200-day moving average price is $34.39. CorEnergy Infrastructure Trust has a 52-week low of $23.21 and a 52-week high of $37.25.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date of this dividend was Tuesday, August 15th. CorEnergy Infrastructure Trust’s dividend payout ratio is 124.48%.
In other news, CEO David J. Schulte acquired 1,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of $32.89 per share, with a total value of $32,890.00. Following the acquisition, the chief executive officer now directly owns 21,010 shares in the company, valued at approximately $691,018.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.99% of the company’s stock.
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CorEnergy Infrastructure Trust Company Profile
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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