Stock analysts at StockNews.com initiated coverage on shares of CorEnergy Infrastructure Trust (NYSE:CORR – Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the asset manager’s stock.
CorEnergy Infrastructure Trust Stock Performance
The stock’s 50 day simple moving average is $0.27 and its two-hundred day simple moving average is $0.51. The company has a market capitalization of $304,000.00, a price-to-earnings ratio of -0.01 and a beta of 1.21. CorEnergy Infrastructure Trust has a fifty-two week low of $0.02 and a fifty-two week high of $1.75. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 2.21.
Institutional Trading of CorEnergy Infrastructure Trust
A number of hedge funds have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC lifted its holdings in CorEnergy Infrastructure Trust by 80,730.5% during 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 acquiring an additional 16,247,817 shares during the period. Renaissance Technologies LLC raised its stake in shares of CorEnergy Infrastructure Trust by 94.7% in the fourth quarter. Renaissance Technologies LLC now owns 44,577 shares of the asset manager’s stock valued at $93,000 after buying an additional 21,677 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of CorEnergy Infrastructure Trust in the fourth quarter valued at $29,000. 8.28% of the stock is currently owned by institutional investors.
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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