Insider Buying: Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO Buys 1,930 Shares of Stock

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Corenergy Infrastructure Trust Inc (NYSE:CORR) CEO David J. Schulte acquired 1,930 shares of Corenergy Infrastructure Trust stock in a transaction dated Thursday, March 8th. The stock was purchased at an average cost of $36.91 per share, with a total value of $71,236.30. Following the completion of the purchase, the chief executive officer now owns 22,110 shares of the company’s stock, valued at $816,080.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

CORR traded down $0.18 during trading on Friday, hitting $37.59. 83,767 shares of the company traded hands, compared to its average volume of 92,114. The stock has a market capitalization of $448.51, a price-to-earnings ratio of 9.87, a PEG ratio of 2.84 and a beta of 1.91. Corenergy Infrastructure Trust Inc has a 1 year low of $31.50 and a 1 year high of $39.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.30 and a current ratio of 4.30.

Corenergy Infrastructure Trust (NYSE:CORR) last posted its earnings results on Wednesday, February 28th. The asset manager reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.67). The company had revenue of $22.40 million for the quarter. Corenergy Infrastructure Trust had a net margin of 36.74% and a return on equity of 9.00%. equities research analysts forecast that Corenergy Infrastructure Trust Inc will post 4.41 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in Corenergy Infrastructure Trust during the fourth quarter valued at $228,000. LPL Financial LLC lifted its position in Corenergy Infrastructure Trust by 65.7% during the fourth quarter. LPL Financial LLC now owns 17,558 shares of the asset manager’s stock valued at $671,000 after purchasing an additional 6,959 shares during the last quarter. Two Sigma Investments LP bought a new position in Corenergy Infrastructure Trust during the fourth quarter valued at $1,170,000. Two Sigma Advisers LP lifted its position in Corenergy Infrastructure Trust by 11.5% during the fourth quarter. Two Sigma Advisers LP now owns 28,160 shares of the asset manager’s stock valued at $1,076,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Corenergy Infrastructure Trust by 22.1% during the fourth quarter. Renaissance Technologies LLC now owns 637,900 shares of the asset manager’s stock valued at $24,368,000 after purchasing an additional 115,300 shares during the last quarter. 60.13% of the stock is owned by institutional investors.

CORR has been the subject of a number of analyst reports. ValuEngine raised shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Zacks Investment Research raised shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.33.

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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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