Equities research analysts at StockNews.com initiated coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Free Report) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the asset manager’s stock.
CorEnergy Infrastructure Trust Price Performance
The stock has a market capitalization of $304,000.00, a PE ratio of -0.01 and a beta of 1.21. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.15 and a current ratio of 1.25. CorEnergy Infrastructure Trust has a 1 year low of $0.02 and a 1 year high of $1.75. The firm’s 50-day moving average is $0.22 and its 200 day moving average is $0.46.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of CorEnergy Infrastructure Trust during the fourth quarter valued at approximately $29,000. Renaissance Technologies LLC purchased a new position in CorEnergy Infrastructure Trust in the second quarter worth $55,000. Finally, Moneta Group Investment Advisors LLC boosted its position in CorEnergy Infrastructure Trust by 80,730.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock worth $34,000,000 after purchasing an additional 16,247,817 shares during the last quarter. Hedge funds and other institutional investors own 8.28% of the company’s stock.
About CorEnergy Infrastructure Trust
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way. On February 25, 2024, CorEnergy Infrastructure Trust, Inc filed a voluntary petition for reorganization under Chapter 11 in the U.S.
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