Wall Street analysts expect Corenergy Infrastructure Trust Inc (NYSE:CORR) to report $21.16 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Corenergy Infrastructure Trust’s earnings, with the lowest sales estimate coming in at $20.94 million and the highest estimate coming in at $21.39 million. Corenergy Infrastructure Trust posted sales of $22.15 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Corenergy Infrastructure Trust will report full year sales of $85.68 million for the current fiscal year, with estimates ranging from $85.11 million to $86.25 million. For the next financial year, analysts anticipate that the business will report sales of $87.88 million, with estimates ranging from $85.12 million to $90.64 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Corenergy Infrastructure Trust.
Corenergy Infrastructure Trust (NYSE:CORR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.80). Corenergy Infrastructure Trust had a return on equity of 12.06% and a net margin of 44.64%. The firm had revenue of $21.62 million during the quarter, compared to the consensus estimate of $20.89 million.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its position in Corenergy Infrastructure Trust by 36.5% in the 1st quarter. Advisor Group Inc. now owns 1,123 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 300 shares during the last quarter. SEI Investments Co lifted its position in Corenergy Infrastructure Trust by 17.2% in the 1st quarter. SEI Investments Co now owns 1,755 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 257 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Corenergy Infrastructure Trust in the 1st quarter valued at about $74,000. BNP Paribas Arbitrage SA lifted its position in Corenergy Infrastructure Trust by 233.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,195 shares of the asset manager’s stock valued at $81,000 after acquiring an additional 1,536 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in Corenergy Infrastructure Trust by 372.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,412 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 3,478 shares in the last quarter. Institutional investors and hedge funds own 61.45% of the company’s stock.
Shares of CORR stock traded down $0.09 during mid-day trading on Friday, reaching $39.90. The stock had a trading volume of 49,300 shares, compared to its average volume of 70,399. The company has a current ratio of 8.57, a quick ratio of 8.57 and a debt-to-equity ratio of 0.30. Corenergy Infrastructure Trust has a one year low of $32.52 and a one year high of $40.96. The company has a market capitalization of $502.98 million, a P/E ratio of 10.78, a P/E/G ratio of 2.06 and a beta of 1.45.
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, May 16th. This represents a $3.00 annualized dividend and a dividend yield of 7.52%. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is presently 81.08%.
Corenergy Infrastructure Trust Company Profile
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from operators of our assets, primarily under triple-net participating leases.
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