Corenergy Infrastructure Trust, Inc. (CORR): David J Schulte , CEO of Corenergy Infrastructure Trust, Inc. purchased 350 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $22.80 per share for a total value of $7,980.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, David J Schulte (CEO) purchased 350 shares at $22.80 per share price.On Jan 11, 2016, Rebecca M Sandring (Chief Accounting Officer) purchased 1,400 shares at $16.42 per share price.Also, On Aug 26, 2015, Conrad S Ciccotello (director) purchased 1,000 shares at $4.94 per share price.On Jun 30, 2015, Richard C Green (Executive Chairman) purchased 20,000 shares at $6.00 per share price.
Corenergy Infrastructure Trust Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Corenergy Infrastructure Trust Inc which led to swings in the share price. The shares opened for trading at $22.47 and hit $23.3 on the upside , eventually ending the session at $23.08, with a gain of 2.90% or 0.65 points. The heightened volatility saw the trading volume jump to 1,31,346 shares. The 52-week high of the share price is $25.86 and the company has a market cap of $275 M . The 52-week low of the share price is at $4.29.
Company has been under the radar of several Street Analysts.Corenergy Infrastructure Trust Inc is Downgraded by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 23 from a previous price target of $25 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 6, 2016.
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).