Campbell & CO Investment Adviser LLC Invests $290,000 in CorEnergy Infrastructure Trust, Inc. (CORR)

Campbell & CO Investment Adviser LLC acquired a new stake in shares of CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,637 shares of the asset manager’s stock, valued at approximately $290,000. Campbell & CO Investment Adviser LLC owned about 0.07% of CorEnergy Infrastructure Trust as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. American International Group Inc. raised its stake in CorEnergy Infrastructure Trust by 7.1% in the first quarter. American International Group Inc. now owns 7,361 shares of the asset manager’s stock valued at $249,000 after buying an additional 487 shares during the period. Teachers Advisors LLC raised its stake in CorEnergy Infrastructure Trust by 3.3% in the first quarter. Teachers Advisors LLC now owns 21,636 shares of the asset manager’s stock valued at $731,000 after buying an additional 698 shares during the period. Wedbush Securities Inc. raised its stake in CorEnergy Infrastructure Trust by 7.8% in the first quarter. Wedbush Securities Inc. now owns 9,742 shares of the asset manager’s stock valued at $329,000 after buying an additional 703 shares during the period. Eagle Global Advisors LLC raised its stake in CorEnergy Infrastructure Trust by 6.5% in the first quarter. Eagle Global Advisors LLC now owns 16,590 shares of the asset manager’s stock valued at $560,000 after buying an additional 1,010 shares during the period. Finally, James Investment Research Inc. raised its stake in CorEnergy Infrastructure Trust by 1.8% in the first quarter. James Investment Research Inc. now owns 84,031 shares of the asset manager’s stock valued at $2,839,000 after buying an additional 1,511 shares during the period. 68.73% of the stock is currently owned by institutional investors and hedge funds.

CorEnergy Infrastructure Trust, Inc. (NYSE CORR) opened at 32.30 on Friday. CorEnergy Infrastructure Trust, Inc. has a 52-week low of $23.21 and a 52-week high of $37.25. The company has a market capitalization of $384.43 million, a P/E ratio of 13.35 and a beta of 2.06. The firm has a 50-day moving average price of $34.68 and a 200 day moving average price of $34.83.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date of this dividend is Tuesday, August 15th. CorEnergy Infrastructure Trust’s payout ratio is currently 124.48%.

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Several research firms recently weighed in on CORR. Zacks Investment Research raised CorEnergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine upgraded CorEnergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. BidaskClub upgraded CorEnergy Infrastructure Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Bank of America Corporation downgraded CorEnergy Infrastructure Trust from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a research report on Monday, June 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $37.00 target price (up from $30.00) on shares of CorEnergy Infrastructure Trust in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.60.

In related news, CEO David J. Schulte bought 1,000 shares of the stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $32.89 per share, with a total value of $32,890.00. Following the purchase, the chief executive officer now owns 21,010 shares in the company, valued at approximately $691,018.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

About CorEnergy Infrastructure Trust

CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets.

Institutional Ownership by Quarter for CorEnergy Infrastructure Trust (NYSE:CORR)

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