Corenergy Infrastructure Trust Inc (NYSE:CORR) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 821,200 shares, a growth of 7.4% from the June 30th total of 764,400 shares. Based on an average trading volume of 109,900 shares, the short-interest ratio is currently 7.5 days. Currently, 6.9% of the shares of the stock are short sold.

Separately, Zacks Investment Research cut shares of Corenergy Infrastructure Trust from a “hold” rating to a “sell” rating in a research report on Monday, August 5th.

Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Corenergy Infrastructure Trust by 52.0% during the second quarter. US Bancorp DE now owns 1,046 shares of the asset manager’s stock worth $42,000 after buying an additional 358 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Corenergy Infrastructure Trust by 5.8% during the first quarter. Wedbush Securities Inc. now owns 7,783 shares of the asset manager’s stock worth $286,000 after buying an additional 430 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Corenergy Infrastructure Trust by 8.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,891 shares of the asset manager’s stock worth $273,000 after buying an additional 536 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Corenergy Infrastructure Trust by 1.5% during the second quarter. Bessemer Group Inc. now owns 41,400 shares of the asset manager’s stock worth $1,642,000 after buying an additional 600 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Corenergy Infrastructure Trust by 3.1% during the second quarter. LPL Financial LLC now owns 20,127 shares of the asset manager’s stock worth $798,000 after buying an additional 603 shares in the last quarter. 61.64% of the stock is owned by institutional investors and hedge funds.

NYSE:CORR traded down $0.51 during trading hours on Wednesday, reaching $47.62. 4,274 shares of the company were exchanged, compared to its average volume of 86,165. The company has a debt-to-equity ratio of 0.30, a quick ratio of 10.35 and a current ratio of 10.35. The stock has a 50-day moving average of $41.31. The firm has a market cap of $615.58 million, a price-to-earnings ratio of 12.96 and a beta of 1.42. Corenergy Infrastructure Trust has a twelve month low of $32.52 and a twelve month high of $49.75.

Corenergy Infrastructure Trust (NYSE:CORR) last released its earnings results on Wednesday, July 31st. The asset manager reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.38). Corenergy Infrastructure Trust had a return on equity of 12.42% and a net margin of 47.22%. The business had revenue of $21.53 million for the quarter, compared to analysts’ expectations of $21.16 million.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, August 15th. Corenergy Infrastructure Trust’s payout ratio is 81.08%.

Corenergy Infrastructure Trust Company Profile

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 operators of our assets, primarily under triple-net participating leases.

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