CorEnergy Infrastructure Trust (NYSE:CORR) Shares Pass Below 200-Day Moving Average of $3.15

Shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.15 and traded as low as $2.61. CorEnergy Infrastructure Trust shares last traded at $2.65, with a volume of 19,801 shares traded.

Separately, StockNews.com initiated coverage on shares of CorEnergy Infrastructure Trust in a research note on Wednesday. They set a “hold” rating on the stock.

The company has a market capitalization of $39.65 million, a PE ratio of -6.02 and a beta of 0.81. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.99 and a quick ratio of 2.69. The company’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $3.15.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th were paid a $0.05 dividend. The ex-dividend date was Monday, May 16th. This represents a $0.20 annualized dividend and a yield of 7.55%. CorEnergy Infrastructure Trust’s dividend payout ratio is currently -45.45%.

Institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. purchased a new position in shares of CorEnergy Infrastructure Trust during the first quarter worth approximately $74,000. Invesco Ltd. lifted its holdings in shares of CorEnergy Infrastructure Trust by 3.6% during the third quarter. Invesco Ltd. now owns 122,170 shares of the asset manager’s stock worth $541,000 after purchasing an additional 4,273 shares during the period. Marshall Wace LLP acquired a new stake in shares of CorEnergy Infrastructure Trust during the first quarter worth $326,000. Geode Capital Management LLC lifted its holdings in shares of CorEnergy Infrastructure Trust by 8.3% during the third quarter. Geode Capital Management LLC now owns 138,006 shares of the asset manager’s stock worth $611,000 after purchasing an additional 10,601 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of CorEnergy Infrastructure Trust by 11.2% during the third quarter. BlackRock Inc. now owns 323,427 shares of the asset manager’s stock worth $1,432,000 after purchasing an additional 32,565 shares during the period. Institutional investors own 16.98% of the company’s stock.

CorEnergy Infrastructure Trust Company Profile (NYSE:CORR)

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 customers and operators of our assets, including triple-net participating leases and from long term customer contracts.

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