About CorEnergy Infrastructure Trust (NYSE:CORR)
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. The Company owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, Pinedale Liquids Gathering System (Pinedale LGS), Portland Terminal Facility, MoGas Pipeline System and Omega Pipeline.
Industry, Sector and Symbol:
- Debt-to-Equity Ratio: 0.35%
- Current Ratio: 5.33%
- Quick Ratio: 5.33%
Sales & Book Value:
- Trailing P/E Ratio: 9.33
- Forward P/E Ratio: 8.41
- P/E Growth: 2.8
- Annual Sales: $89.25 million
- Price / Sales: 4.77
- Cash Flow: $4.57 per share
- Price / Cash: 7.83
- Book Value: $31.80 per share
- Price / Book: 1.12
- Annual Dividend: $3.00
- Dividend Yield: 8.5%
- Trailing EPS: $2.30
- Net Income: $29.66 million
- Net Margins: 38.06%
- Return on Equity: 9.08%
- Return on Assets: 5.18%
- Employees: 5
- Outstanding Shares: 11,910,000
Frequently Asked Questions for CorEnergy Infrastructure Trust (NYSE:CORR)
What is CorEnergy Infrastructure Trust's stock symbol?
CorEnergy Infrastructure Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CORR."
How often does CorEnergy Infrastructure Trust pay dividends? What is the dividend yield for CorEnergy Infrastructure Trust?
CorEnergy Infrastructure Trust declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.75 per share on Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date is Tuesday, November 14th. View CorEnergy Infrastructure Trust's Dividend History.
How were CorEnergy Infrastructure Trust's earnings last quarter?
CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) announced its quarterly earnings results on Monday, August, 10th. The asset manager reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.06. The asset manager had revenue of $12.68 million for the quarter, compared to analysts' expectations of $13.19 million. CorEnergy Infrastructure Trust had a return on equity of 9.08% and a net margin of 38.06%. View CorEnergy Infrastructure Trust's Earnings History.
Where is CorEnergy Infrastructure Trust's stock going? Where will CorEnergy Infrastructure Trust's stock price be in 2017?
3 equities research analysts have issued 1-year target prices for CorEnergy Infrastructure Trust's stock. Their predictions range from $34.00 to $37.00. On average, they anticipate CorEnergy Infrastructure Trust's stock price to reach $35.33 in the next twelve months. View Analyst Ratings for CorEnergy Infrastructure Trust.
Who are some of CorEnergy Infrastructure Trust's key competitors?
Some companies that are related to CorEnergy Infrastructure Trust include MTGE Investment Corp. (MTGE), Virtus Investment Partners (VRTS), Gamco Investors (GBL), Opus Bank (OPB), Meta Financial Group (CASH), Guaranty Bancorp (GBNK), Customers Bancorp (CUBI), Investors Real Estate Trust (IRET), Greenlight Reinsurance (GLRE), NorthStar Realty Europe Corp. (NRE), Pennsylvania Real Estate Investment Trust (PEI), Flushing Financial Corporation (FFIC), Green Bancorp (GNBC), Carolina Financial Corporation (CARO), Dime Community Bancshares (DCOM), Granite Point Mortgage Trust (GPMT), Oritani Financial Corp. (ORIT) and Federal Agricultural Mortgage (AGM).
Who are CorEnergy Infrastructure Trust's key executives?
CorEnergy Infrastructure Trust's management team includes the folowing people:
- Richard C. Green Jr., Executive Chairman of the Board (Age 63)
- David J. Schulte CPA, President, Chief Executive Officer, Director (Age 56)
- Rebecca M. Sandring, Senior Vice President, Treasurer, Secretary (Age 56)
- Nathan L. Poundstone, Chief Accounting Officer (Age 41)
- Barrett Brady, Independent Director (Age 71)
- Conrad S. Ciccotello, Independent Director (Age 57)
- Charles E. Heath, Lead Independent Director (Age 75)
- Catherine A. Lewis, Independent Director (Age 65)
Who owns CorEnergy Infrastructure Trust stock?
CorEnergy Infrastructure Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Ameriprise Financial Inc. (1.22%), D.A. Davidson & CO. (0.66%), Keeley Teton Advisors LLC (0.35%), Systematic Financial Management LP (0.24%), Schwab Charles Investment Management Inc. (0.24%) and Allianz Asset Management GmbH (0.19%). Company insiders that own CorEnergy Infrastructure Trust stock include David J Schulte, Nate Poundstone and Rebecca M Sandring. View Institutional Ownership Trends for CorEnergy Infrastructure Trust.
Who sold CorEnergy Infrastructure Trust stock? Who is selling CorEnergy Infrastructure Trust stock?
CorEnergy Infrastructure Trust's stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, New York State Common Retirement Fund, Crow Point Partners LLC, Schwab Charles Investment Management Inc., GSA Capital Partners LLP, Ameriprise Financial Inc., Cetera Advisors LLC and Keeley Teton Advisors LLC. View Insider Buying and Selling for CorEnergy Infrastructure Trust.
Who bought CorEnergy Infrastructure Trust stock? Who is buying CorEnergy Infrastructure Trust stock?
CorEnergy Infrastructure Trust's stock was purchased by a variety of institutional investors in the last quarter, including Benchmark Capital Advisors, First Trust Advisors LP, D.A. Davidson & CO., Allianz Asset Management GmbH and California Public Employees Retirement System. Company insiders that have bought CorEnergy Infrastructure Trust stock in the last two years include David J Schulte, Nate Poundstone and Rebecca M Sandring. View Insider Buying and Selling for CorEnergy Infrastructure Trust.
How do I buy CorEnergy Infrastructure Trust stock?
Shares of CorEnergy Infrastructure Trust can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CorEnergy Infrastructure Trust's stock price today?
One share of CorEnergy Infrastructure Trust stock can currently be purchased for approximately $35.75.
How big of a company is CorEnergy Infrastructure Trust?
CorEnergy Infrastructure Trust has a market capitalization of $424.21 million and generates $89.25 million in revenue each year. The asset manager earns $29.66 million in net income (profit) each year or $2.30 on an earnings per share basis. CorEnergy Infrastructure Trust employs 5 workers across the globe.
How can I contact CorEnergy Infrastructure Trust?
CorEnergy Infrastructure Trust's mailing address is 1100 Walnut St Ste 3350, KANSAS CITY, MO 64106-2280, United States. The asset manager can be reached via phone at +1-877-6992677 or via email at [email protected]y.reit.
MarketBeat Community Rating for CorEnergy Infrastructure Trust (NYSE CORR)MarketBeat's community ratings are surveys of what our community members think about CorEnergy Infrastructure Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for CorEnergy Infrastructure Trust (NYSE:CORR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.67)|
|Consensus Price Target: ||$35.33 (1.17% downside)|
Consensus Price Target History for CorEnergy Infrastructure Trust (NYSE:CORR)
Analysts' Ratings History for CorEnergy Infrastructure Trust (NYSE:CORR)
(Data available from 11/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/26/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$35.00||High|
|5/17/2017||Royal Bank Of Canada||Reiterated Rating||Sector Perform -> Sector Perform||$30.00 -> $37.00||High|
|3/6/2017||Stifel Nicolaus||Downgrade||Buy -> Hold||$37.00 -> $34.00||N/A|
|9/22/2016||DA Davidson||Initiated Coverage||Buy||$36.00||N/A|
|2/25/2016||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
Earnings History and Estimates Chart for CorEnergy Infrastructure Trust (NYSE:CORR)
Earnings History by Quarter for CorEnergy Infrastructure Trust (NYSE CORR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/10/2015||Q215||$0.06||$0.12||$13.19 million||$12.68 million||View||Listen|
|8/11/2014||Q2||$0.14||$0.15||$8.42 million||$9.02 million||View||N/A|
|11/12/2013||Q3||$0.05||$0.14||$7.18 million||$7.60 million||View||Listen|
Earnings Estimates for CorEnergy Infrastructure Trust (NYSE:CORR)
Current Year EPS Consensus Estimate: $4.25 EPS
Next Year EPS Consensus Estimate: $4.19 EPS
Current Dividend Information for CorEnergy Infrastructure Trust (NYSE:CORR)
|Dividend Growth:||17.00% (3 Year Average)|
|Payout Ratio:||130.43% (Trailing 12 Months of Earnings) |
70.59% (Based on This Year's Estimates)
71.60% (Based on Next Year's Estimates)
Dividend History by Quarter for CorEnergy Infrastructure Trust (NYSE CORR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CorEnergy Infrastructure Trust (NYSE CORR)
Insider Ownership Percentage: 0.99%
Institutional Ownership Percentage: 62.55%
Insider Trades by Quarter for CorEnergy Infrastructure Trust (NYSE CORR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/26/2017||David J Schulte||CEO||Buy||1,000||$32.89||$32,890.00|| |
|5/12/2017||David J. Schulte||CEO||Buy||2,236||$33.92||$75,845.12|| |
|3/10/2017||Nate Poundstone||Insider||Buy||100||$33.17||$3,317.00|| |
|3/9/2017||David J Schulte||CEO||Buy||500||$32.34||$16,170.00|| |
|6/14/2016||Rebecca M Sandring||CAO||Buy||240||$26.06||$6,254.40|| |
|5/26/2016||David J Schulte||CEO||Buy||350||$22.80||$7,980.00|| |
|1/7/2016||Rebecca M Sandring||CAO||Buy||1,400||$16.42||$22,988.00|| |
|12/7/2015||David J Schulte||CEO||Buy||1,000||$17.55||$17,550.00|| |
|8/24/2015||Conrad S. Ciccotello||Director||Buy||1,000||$4.94||$4,940.00|| |
|8/24/2015||David J Schulte||CEO||Buy||5,000||$4.95||$24,750.00|| |
|6/29/2015||Richard C Green||Chairman||Buy||20,000||$6.00||$120,000.00|| |
|12/16/2014||David J Schulte||CEO||Buy||5,000||$6.00||$30,000.00|| |
|12/3/2014||David J Schulte||CEO||Buy||1,000||$6.55||$6,550.00|| |
|12/1/2014||Rebecca M Sandring||CAO||Buy||6,280||$6.41||$40,254.80|| |
|11/25/2014||David J Schulte||CEO||Buy||14,400||$6.93||$99,792.00|| |
|7/7/2014||Catherine A Lewis||Director||Buy||5,536||$7.84||$43,402.24|| |
|3/20/2014||Charles Heath||Director||Buy||1,000||$6.46||$6,460.00|| |
|2/18/2014||Catherine Lewis||Director||Buy||4,464||$6.75||$30,132.00|| |
|1/27/2014||David Schulte||CEO||Buy||2,750||$6.53||$17,957.50|| |
|1/24/2014||Conrad Ciccotello||Director||Buy||1,200||$6.68||$8,016.00|| |
|8/15/2013||Barrett Brady||Director||Buy||12,500||$7.37||$92,125.00|| |
|6/26/2013||Richard C Green||Director||Buy||10,000||$7.05||$70,500.00|| |
|6/24/2013||David J Schulte||CEO||Buy||5,000||$7.00||$35,000.00|| |
|3/6/2013||David J Schulte||CEO||Buy||2,000||$6.90||$13,800.00|| |
|1/2/2013||John R Graham||Director||Buy||3,000||$6.04||$18,120.00|| |
|12/19/2012||Conrad S Ciccotello||Director||Buy||1,000||$5.99||$5,990.00|| |
Latest Headlines for CorEnergy Infrastructure Trust (NYSE CORR)
|Geo Group Inc (The) (GEO) and CorEnergy Infrastructure Trust (CORR) Critical Survey|
www.americanbankingnews.com - November 20 at 7:30 PM
|CorEnergy Infrastructure Trust, Inc. (CORR) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - November 17 at 10:38 PM
|CorEnergy Infrastructure Trust, Inc. (CORR) Stock Rating Lowered by ValuEngine|
www.americanbankingnews.com - November 15 at 10:56 PM
|CorEnergy Infrastructure Trust, Inc. (CORR) Ex-Dividend Date Scheduled for November 14, 2017 - Nasdaq|
www.nasdaq.com - November 14 at 3:33 PM
|CorEnergy Chief Executive Officer to Present at the Southwest ... - Business Wire (press release)|
www.businesswire.com - November 10 at 5:47 AM
|CorEnergy Chief Executive Officer to Present at the Southwest IDEAS Conference|
finance.yahoo.com - November 10 at 5:46 AM
|$21.54 Million in Sales Expected for CorEnergy Infrastructure Trust, Inc. (CORR) This Quarter|
www.americanbankingnews.com - November 8 at 2:14 PM
| Brokerages Expect CorEnergy Infrastructure Trust, Inc. (CORR) to Announce $1.04 Earnings Per Share|
www.americanbankingnews.com - November 6 at 1:16 AM
|Lackluster Earnings Mean These 2 Cheap High-Yield Stocks Probably Can't Grow Their Dividends Right Now|
www.fool.com - November 4 at 7:24 PM
|Lackluster Earnings Mean These 2 Cheap High-Yield Stocks Probably Can't Grow Their Dividends Right Now|
finance.yahoo.com - November 4 at 7:24 PM
|CorEnergy Infrastructure Trust: A View From The Perspective Of A Preferred Investor: An Update - Seeking Alpha|
seekingalpha.com - November 4 at 7:09 AM
|Edited Transcript of CORR earnings conference call or presentation 2-Nov-17 6:00pm GMT|
finance.yahoo.com - November 4 at 7:09 AM
|CorEnergy Announces Third Quarter 2017 Results - Business Wire (press release)|
www.businesswire.com - November 2 at 6:22 PM
|CorEnergy reports 3Q results|
finance.yahoo.com - November 2 at 6:22 PM
|CorEnergy Infrastructure Trust to Host Earnings Call|
finance.yahoo.com - November 2 at 6:22 PM
|CorEnergy Announces Third Quarter 2017 Results|
finance.yahoo.com - November 1 at 6:19 PM
|CorEnergy Infrastructure Trust, Inc. Declares Quarterly Dividend of $0.75 (CORR)|
www.americanbankingnews.com - October 26 at 6:04 PM
|CorEnergy Declares Common Stock and Preferred Dividends and Schedules Earnings Release for the Third Quarter 2017|
finance.yahoo.com - October 25 at 7:02 PM
|CorEnergy Infrastructure Trust, Inc. (CORR) Set to Announce Quarterly Earnings on Tuesday|
www.americanbankingnews.com - October 24 at 9:58 AM
|CorEnergy Infrastructure Trust, Inc. (CORR) Expected to Post Quarterly Sales of $21.64 Million|
www.americanbankingnews.com - October 19 at 10:46 AM
|Bittersweet Tortoise deal will pump millions into KC investment community|
www.bizjournals.com - October 18 at 6:49 PM
|CorEnergy Infrastructure Trust Reaches Analyst Target Price|
www.thestreet.com - October 17 at 6:10 PM
| Brokerages Expect CorEnergy Infrastructure Trust, Inc. (CORR) Will Announce Earnings of $1.07 Per Share|
www.americanbankingnews.com - October 17 at 10:30 AM
|These 3 Energy Stocks Are Ridiculously Cheap|
finance.yahoo.com - October 17 at 4:16 AM
|CorEnergy Infrastructure Trust, Inc. (CORR) Raised to "Strong-Buy" at ValuEngine|
www.americanbankingnews.com - October 16 at 10:36 PM
|CorEnergy Infrastructure Trust, Inc. (CORR) Upgraded by Zacks Investment Research to Hold|
www.americanbankingnews.com - October 11 at 12:38 AM
|B. Riley Financial: We're Adding This 7.50% 'Baby Bond' To Our Trading Portfolio|
seekingalpha.com - October 9 at 6:01 PM
|Critical Survey: CorEnergy Infrastructure Trust (CORR) versus Its Competitors|
www.americanbankingnews.com - October 7 at 6:52 AM
|CorEnergy Infrastructure Trust, Inc. (CORR) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - October 4 at 9:08 AM
|CorEnergy Infrastructure Trust (CORR) & The Competition Critical Contrast|
www.americanbankingnews.com - October 3 at 10:56 AM
| Brokerages Anticipate CorEnergy Infrastructure Trust, Inc. (CORR) Will Post Quarterly Sales of $21.64 Million|
www.americanbankingnews.com - September 30 at 3:56 AM
|Six Above Six - A REIT Income Alternative|
seekingalpha.com - September 29 at 8:07 AM
|CorEnergy Infrastructure Trust, Inc. (CORR) Expected to Announce Earnings of $1.07 Per Share|
www.americanbankingnews.com - September 28 at 6:14 PM
|CorEnergy Infrastructure Trust (CORR) versus Its Competitors Financial Contrast|
www.americanbankingnews.com - September 26 at 6:18 PM
|6 Reasons This 15% Yielding Stock Is A Strong Buy And My Largest Holding|
seekingalpha.com - September 25 at 12:19 PM
|Heard On The REITs - Week Ending September 22, 2017 - Seeking Alpha|
seekingalpha.com - September 24 at 9:48 PM
|Why Betting on REITs Could Be Risky Now - Nasdaq|
www.nasdaq.com - September 22 at 9:29 PM
|6 Reasons This 15% Yielding Stock Is A Screaming Buy And My Largest Holding|
seekingalpha.com - September 21 at 5:20 PM
|Comparing CorEnergy Infrastructure Trust (CORR) and Communications Sales & Leasing,Inc. (UNIT)|
www.americanbankingnews.com - September 21 at 4:28 AM
|QTS Realty Trust (QTS) & CorEnergy Infrastructure Trust (CORR) Head-To-Head Survey|
www.americanbankingnews.com - September 19 at 8:52 AM
|CorEnergy Infrastructure Trust (CORR) versus Its Peers Critical Review|
www.americanbankingnews.com - September 14 at 6:04 PM
|CorEnergy Infrastructure Trust (CORR) & its Rivals Head to Head Survey|
www.americanbankingnews.com - September 11 at 6:24 PM
|$21.64 Million in Sales Expected for CorEnergy Infrastructure Trust, Inc. (CORR) This Quarter|
www.americanbankingnews.com - September 11 at 3:28 AM
|CorEnergy Infrastructure Trust (CORR) vs. its Competitors Critical Review|
www.americanbankingnews.com - September 10 at 8:38 AM
|$1.07 EPS Expected for CorEnergy Infrastructure Trust, Inc. (CORR) This Quarter|
www.americanbankingnews.com - September 9 at 8:10 PM
|CorEnergy Infrastructure Trust, Inc. (CORR) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - September 9 at 6:08 AM
|CorEnergy Infrastructure Trust (CORR) Presents At Midwest Ideas Investor Conference - Slideshow|
seekingalpha.com - August 31 at 5:18 PM
|CorEnergy: A 9% Dividend As Good As Black Gold|
seekingalpha.com - August 23 at 6:03 PM
|CorEnergy Infrastructure Trust (CORR) Presents At EnerCom Oil & Gas Conference - Slideshow|
seekingalpha.com - August 17 at 6:41 PM
|CorEnergy Chief Executive Officer to Present at the 6th Annual Intellisight Investor Conference|
finance.yahoo.com - August 16 at 5:50 PM
CorEnergy Infrastructure Trust (NYSE CORR) Chart for Wednesday, November, 22, 2017