Corenergy Infrastructure Trust Inc (CORR) was 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. RBC Capital Mkts advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Corenergy Infrastructure Trust Inc. Corenergy Infrastructure Trust Inc was Downgraded by Wells Fargo to ” Market Perform” on Feb 25, 2016.
Corenergy Infrastructure Trust Inc opened for trading at $21.2 and hit $21.66 on the upside on Wednesday, eventually ending the session at $21.29, with a gain of 0.28% or 0.06 points. The heightened volatility saw the trading volume jump to 1,09,644 shares. Company has a market cap of $254 M.
In a different news, on Jan 11, 2016, Rebecca M Sandring (Chief Accounting Officer) purchased 1,400 shares at $16.42 per share price. According to the SEC, on Dec 15, 2015, David J Schulte (CEO) purchased 17,730 shares at $14.10 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).