InfraREIT Inc. (HIFR) Receives Average Recommendation of “Buy” from Brokerages
InfraREIT Inc. (NYSE:HIFR) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.00.
Separately, Wells Fargo & Co. reiterated a “buy” rating on shares of InfraREIT in a research report on Tuesday, August 16th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD boosted its position in shares of InfraREIT by 2.4% in the first quarter. BlackRock Group LTD now owns 72,541 shares of the real estate investment trust’s stock worth $1,235,000 after buying an additional 1,688 shares in the last quarter. Clinton Group Inc. boosted its position in shares of InfraREIT by 36.8% in the second quarter. Clinton Group Inc. now owns 15,876 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 4,271 shares in the last quarter. BlackRock Inc. boosted its position in shares of InfraREIT by 41.4% in the second quarter. BlackRock Inc. now owns 17,527 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 5,129 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in shares of InfraREIT during the second quarter worth $107,000. Finally, Strs Ohio boosted its position in shares of InfraREIT by 90.0% in the second quarter. Strs Ohio now owns 13,300 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 6,300 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.
InfraREIT (NYSE:HIFR) remained flat at $17.00 during trading on Thursday. The stock had a trading volume of 63,614 shares. The company has a market capitalization of $743.99 million, a PE ratio of 15.86 and a beta of 0.34. InfraREIT has a 52 week low of $13.61 and a 52 week high of $25.21. The stock’s 50 day moving average is $18.27 and its 200 day moving average is $17.45.
InfraREIT (NYSE:HIFR) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter. The firm earned $33.79 million during the quarter, compared to analysts’ expectations of $171.65 million. InfraREIT had a return on equity of 7.54% and a net margin of 29.22%.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Wednesday, September 28th. InfraREIT’s dividend payout ratio is currently 94.34%.
InfraREIT Company Profile
InfraREIT, Inc is a real estate investment trust. The Company owns electric transmission and distribution (T&D) assets in Texas. Its segment is rate-regulated electric T&D assets. The Company’s T&D assets are located in the Texas Panhandle near Amarillo; the Permian Basin in and around Stanton, Central Texas; around Brady, Northeast Texas; in and around Celeste, and South Texas near McAllen.
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