CorEnergy Infrastructure Trust Inc (NYSE:CORR) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of CORR, it is a financially-sound company with a a strong history superior dividend payments, trading at a discount. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on CorEnergy Infrastructure Trust here.
Excellent balance sheet, good value and pays a dividend
CORR’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This implies that CORR manages its cash and cost levels well, which is a crucial insight into the health of the company. CORR seems to have put its debt to good use, generating operating cash levels of 0.34x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows. CORR is currently trading below its true value, which means the market is undervaluing the company’s expected cash flow going forward. According to my intrinsic value of the stock, which is driven by analyst consensus forecast of CORR’s earnings, investors now have the opportunity to buy into the stock to reap capital gains. Compared to the rest of the reits industry, CORR is also trading below its peers of similar sizes in terms of their assets. This bolsters the proposition that CORR’s price is currently discounted.
CORR’s high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments.
For CorEnergy Infrastructure Trust, I’ve compiled three important aspects you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for CORR’s future growth? Take a look at our free research report of analyst consensus for CORR’s outlook.
- Historical Performance: What has CORR’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CORR? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at email@example.com.