Northern Trust Corp grew its stake in shares of Corenergy Infrastructure Trust Inc (NYSE:CORR) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,985 shares of the asset manager’s stock after acquiring an additional 705 shares during the period. Northern Trust Corp’s holdings in Corenergy Infrastructure Trust were worth $7,343,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CORR. Renaissance Technologies LLC lifted its position in Corenergy Infrastructure Trust by 5.8% during the third quarter. Renaissance Technologies LLC now owns 918,400 shares of the asset manager’s stock worth $34,513,000 after acquiring an additional 50,500 shares during the last quarter. Martingale Asset Management L P lifted its position in Corenergy Infrastructure Trust by 183.3% during the fourth quarter. Martingale Asset Management L P now owns 40,805 shares of the asset manager’s stock worth $1,351,000 after acquiring an additional 26,400 shares during the last quarter. Alliancebernstein L.P. lifted its position in Corenergy Infrastructure Trust by 39.8% during the third quarter. Alliancebernstein L.P. now owns 72,960 shares of the asset manager’s stock worth $2,742,000 after acquiring an additional 20,770 shares during the last quarter. Summit Global Investments acquired a new stake in Corenergy Infrastructure Trust during the fourth quarter worth approximately $675,000. Finally, Morgan Stanley lifted its position in Corenergy Infrastructure Trust by 2.9% during the third quarter. Morgan Stanley now owns 494,694 shares of the asset manager’s stock worth $18,591,000 after acquiring an additional 13,945 shares during the last quarter. Hedge funds and other institutional investors own 63.74% of the company’s stock.
Shares of CORR stock opened at $37.84 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 16.20 and a quick ratio of 16.20. The company has a market cap of $484.76 million, a price-to-earnings ratio of 9.97, a P/E/G ratio of 2.03 and a beta of 1.63. Corenergy Infrastructure Trust Inc has a 12-month low of $32.52 and a 12-month high of $39.46.
Several brokerages have issued reports on CORR. Zacks Investment Research upgraded shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. DA Davidson cut their price objective on shares of Corenergy Infrastructure Trust from $40.00 to $3.71 and set an “average” rating for the company in a research report on Thursday, December 27th. They noted that the move was a valuation call.
Corenergy Infrastructure Trust Profile
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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