It is trading at $36.49 barely above the 50 day moving average of $34.50 and which is marginally higher than the 200 day moving average of $34.75. The 50 day moving average moved up $1.99 and the 200 day average went up $1.74 or +5.01%. CorEnergy Infrastructure Trust, shares had a trading volume of 89K on Tuesday. Overall, volume was down 57.88% under the stocks normal daily volume.
Traders are a little more bullish on CorEnergy Infrastructure Trust, of late as shown by the motion in short interest. The stock recorded a fall in short interest of -6.49% between September 15, 2017 and September 29, 2017. Short shares fell from 1,260,987 to 1,179,162 over that timeframe. Days to cover decreased from 16.0 to 13.0 and the percentage of shorted shares is 0.10% as of September 29.
A few notable investment firms have updated their holdings. Spot Trading L.l.c bolstered its investment by buying 17,500 shares an increase of 795.5% from 06/30/2016 to 03/31/2017. Spot Trading L.l.c now holds 19,700 shares worth $665,000. The value of the position overall is up by 955.6%. Cutler Group LP grew its ownership by buying 600 shares an increase of 600.0% as of 09/30/2017. Cutler Group LP controls 700 shares with a value of $0. The total value of its holdings decreased nan%.
Creative Planning expanded its stake by buying 1,325 shares an increase of 30.5% in the quarter. Creative Planning owns 5,670 shares valued at $200,000. The total value of its holdings increased 37.0%. As of quarter end Nisa Investment Advisors, LLC had disposed of 3,700 shares trimming its holdings by 31.0%. The value of the investment in CORR decreased from $420,000 to $291,000 decreasing 30.7% quarter over quarter.
The company is down by 0.65%% since yesterday’s close of 36.73. The company recently announced a dividend paid on Thursday the 31st of August 2017. The dividend was $0.750 per share for the quarter or $3.00 annualized. This dividend represents a yield of $8.17 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 15th of August 2017.
CorEnergy Infrastructure Trust,’s P/E ratio is 15.08 and market cap is 434.30M. In the latest earnings report the EPS was $2.42 and is expected to be $2.19 for the current year with 11,902,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.52 and the next full year EPS is anticipated to be $2.12.
CorEnergy Infrastructure Trust, Inc. (CorEnergy), launched on September 8, 2005, 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..