Corenergy Infrastructure Trust (NYSE:CORR) Releases Earnings Results, Misses Estimates By $0.38 EPS

Corenergy Infrastructure Trust (NYSE:CORR) issued its quarterly earnings results on Wednesday. The asset manager reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.38), Fidelity Earnings reports. The firm had revenue of $21.53 million during the quarter, compared to analyst estimates of $21.16 million. Corenergy Infrastructure Trust had a return on equity of 12.06% and a net margin of 44.64%.

Shares of NYSE CORR traded up $0.85 during midday trading on Friday, reaching $41.93. The stock had a trading volume of 476 shares, compared to its average volume of 59,127. The company has a market cap of $521.04 million, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 2.14 and a beta of 1.39. Corenergy Infrastructure Trust has a twelve month low of $32.52 and a twelve month high of $41.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 8.57 and a current ratio of 8.57. The firm has a 50 day simple moving average of $40.17.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.15%. Corenergy Infrastructure Trust’s dividend payout ratio (DPR) is currently 81.08%.

Separately, Zacks Investment Research downgraded shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.

About Corenergy Infrastructure Trust

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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Earnings History for Corenergy Infrastructure Trust (NYSE:CORR)

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