InfraREIT Inc. (NYSE:HIFR) has received a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.75.

HIFR has been the topic of a number of recent analyst reports. Bank of America Corp. cut shares of InfraREIT from a “buy” rating to a “neutral” rating in a research note on Friday, November 4th. Zacks Investment Research upgraded shares of InfraREIT from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, November 8th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of InfraREIT in a research note on Tuesday, August 16th.

InfraREIT (NYSE:HIFR) opened at 16.92 on Thursday. The firm has a 50-day moving average of $16.80 and a 200-day moving average of $17.45. InfraREIT has a 12-month low of $13.61 and a 12-month high of $21.69. The stock has a market capitalization of $740.57 million, a price-to-earnings ratio of 14.83 and a beta of 0.40.

InfraREIT (NYSE:HIFR) last issued its quarterly earnings data on Thursday, November 3rd. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. InfraREIT had a net margin of 29.66% and a return on equity of 7.51%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. purchased a new position in InfraREIT during the second quarter worth about $107,000. Adage Capital Partners GP L.L.C. bought a new position in shares of InfraREIT during the first quarter worth $172,000. 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. Cubist Systematic Strategies LLC bought a new position in shares of InfraREIT during the second quarter worth $257,000. Finally, 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. 81.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:HIFR

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