Corenergy Infrastructure Trust Inc (CORR) was Downgraded by RBC Capital Mkts to ” Underperform” while Lowering the Price Target of the company shares to $ 23 from a previous price target of $30 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on Corenergy Infrastructure Trust Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 30 from a previous price target of $23 .Corenergy Infrastructure Trust Inc was Downgraded by Stifel to ” Hold” on Aug 11, 2016.
Corenergy Infrastructure Trust Inc closed down -0.45 points or -1.53% at $28.93 with 74,328 shares getting traded on Friday. Post opening the session at $29.48, the shares hit an intraday low of $28.9 and an intraday high of $29.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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).