Corenergy Infrastructure Trust Inc (CORR) is Downgraded by Stifel to Hold

Corenergy Infrastructure Trust Inc (CORR) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Corenergy Infrastructure Trust Inc. Stifel Upgraded Corenergy Infrastructure Trust Inc on Jun 1, 2016 to ” Buy”, Price Target of the shares are set at $32.

Corenergy Infrastructure Trust Inc opened for trading at $29.83 and hit $30.41 on the upside on Monday, eventually ending the session at $30.41, with a gain of 2.25% or 0.67 points. The heightened volatility saw the trading volume jump to 1,28,767 shares. Company has a market cap of $363 M.

Investors should note that on Jul 27, 2016, Corenergy Infrastructure Trust Inc announced a cash dividend of $0.7500. The company’s management has announced Aug 15, 2016 as the ex-dividend date and fixed the record date on Aug 17, 2016. The payable date has been fixed on Aug 31, 2016.

In a different news, on Jun 16, 2016, Rebecca M Sandring (Chief Accounting Officer) purchased 240 shares at $26.06 per share price. According to the SEC, on May 27, 2016, David J Schulte (CEO) purchased 350 shares at $22.80 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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