Zurcher Kantonalbank Zurich Cantonalbank Takes $29,000 Position in Corenergy Infrastructure Trust Inc (NYSE:CORR)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Corenergy Infrastructure Trust Inc (NYSE:CORR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 731 shares of the asset manager’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedbush Securities Inc. lifted its stake in shares of Corenergy Infrastructure Trust by 5.8% in 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 lifted its stake in shares of Corenergy Infrastructure Trust by 8.4% in 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. lifted its stake in shares of Corenergy Infrastructure Trust by 1.5% in 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. Principal Financial Group Inc. lifted its stake in shares of Corenergy Infrastructure Trust by 8.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,868 shares of the asset manager’s stock worth $293,000 after buying an additional 700 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Corenergy Infrastructure Trust by 28.0% in the second quarter. State of Alaska Department of Revenue now owns 4,997 shares of the asset manager’s stock worth $198,000 after buying an additional 1,094 shares in the last quarter. Institutional investors and hedge funds own 64.29% of the company’s stock.

Shares of NYSE:CORR traded down $0.47 during midday trading on Friday, hitting $44.97. The company’s stock had a trading volume of 2,323 shares, compared to its average volume of 220,192. The business’s 50 day simple moving average is $42.41 and its 200 day simple moving average is $39.17. 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 company has a market cap of $579.66 million, a P/E ratio of 12.21 and a beta of 1.42. Corenergy Infrastructure Trust Inc has a 12-month low of $32.52 and a 12-month high of $49.75.



Corenergy Infrastructure Trust (NYSE:CORR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $0.59 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $21.53 million for the quarter, compared to analysts’ expectations of $21.16 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Thursday, August 15th. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 81.08%.

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

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

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

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