CORR - CorEnergy: Wall Street Buys In but Should You?
It's been a great year for CorEnergy Infrastructure Trust's (NYSE: CORR) investors. Shares of this unique real estate investment trust (REIT) are up a huge 43%, easily besting the 25% advance of the broader REIT sector, as measured by Vanguard Real Estate ETF. And despite the huge run, CorEnergy still yields an impressive 6.3%, nearly twice what Vanguard Real Estate ETF offers. But don't jump on this fast-rising, high-yield stock until you read this.
CorEnergy is something of an experiment. Most REITs own physical property, like apartments and office buildings, in which lessees live, work, or store things. Some REITs own mortgages. Some specialize in specific asset classes, while others take a generalist approach. There's a lot of variety, but these are, broadly speaking, the normal things you'll find in REIT-land.
CorEnergy owns oil and gas infrastructure assets, and it's really a one-of-a-kind offering.