Corenergy Infrastructure Trust Inc (CORR) is Upgraded by Stifel to Buy, Price Target at $32

Corenergy Infrastructure Trust Inc (CORR) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $32. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Corenergy Infrastructure Trust Inc. Shares were Downgraded by RBC Capital Mkts on May 6, 2016 to ” Sector Perform” and Lowered the Price Target to $ 23 from a previous price target of $25 .

Corenergy Infrastructure Trust Inc opened for trading at $22.76 and hit $23.63 on the upside on Friday, eventually ending the session at $23.58, with a gain of 3.42% or 0.78 points. The heightened volatility saw the trading volume jump to 1,32,571 shares. Company has a market cap of $281 M.

In a different news, on May 27, 2016, David J Schulte (CEO) purchased 350 shares at $22.80 per share price. According to the SEC, on Jan 11, 2016, Rebecca M Sandring (Chief Accounting Officer) purchased 1,400 shares at $16.42 per share price. On Aug 26, 2015, Conrad S Ciccotello (director) purchased 1,000 shares at $4.94 per share price, according to the Form-4 filing with the securities and exchange commission.

CorEnergy Infrastructure Trust Inc. is an energy infrastructure real estate investment trust. The Company is focused on acquiring and financing midstream and downstream real estate assets in the United States energy infrastructure sector. It provides other types of capital including loans secured by energy infrastructure assets. Its focus of assets includes pipelines storage tanks transmission lines and gathering systems among others. Its assets include Pinedale Liquids Gathering System (Pinedale LGS) Portland Terminal Facility MoGas Pipeline System Eastern Interconnect Project and Omega Pipeline. Its subsidiaries holding its securities portfolios and operating businesses are Corridor Public Holdings Inc. and its wholly owned subsidiary Corridor Private Holdings Inc (CorPrivate); Mowood Corridor Inc. and its wholly owned subsidiary Mowood LLC (Mowood); Corridor MoGas Inc. (CorMoGas); CorEnergy BBWS Inc. (BBWS) and Corridor Leeds Path West Inc. (Leeds Path West).

Corenergy Infrastructure Trust Inc

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