Insurance & Annuity A. Teachers Sells 44,000 Shares of InfraREIT, Inc. (HIFR) Stock
InfraREIT, Inc. (NYSE:HIFR) major shareholder Insurance & Annuity A. Teachers sold 44,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $22.35, for a total value of $983,400.00. Following the completion of the transaction, the insider now directly owns 4,378,394 shares in the company, valued at $97,857,105.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
InfraREIT, Inc. (HIFR) traded down 0.36% on Friday, reaching $22.22. The company had a trading volume of 136,373 shares. InfraREIT, Inc. has a 1-year low of $14.59 and a 1-year high of $23.12. The stock has a market capitalization of $972.75 million, a P/E ratio of 18.69 and a beta of 0.49. The stock’s 50 day moving average is $20.94 and its 200-day moving average is $18.99.
InfraREIT (NYSE:HIFR) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.12. InfraREIT had a return on equity of 6.28% and a net margin of 28.31%. The firm had revenue of $40.42 million during the quarter. On average, equities analysts predict that InfraREIT, Inc. will post $1.28 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in InfraREIT during the second quarter worth about $206,000. Advisors Asset Management Inc. raised its stake in InfraREIT by 218.3% in the first quarter. Advisors Asset Management Inc. now owns 11,497 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 7,885 shares during the last quarter. Clinton Group Inc. raised its stake in InfraREIT by 7.0% in the first quarter. Clinton Group Inc. now owns 13,003 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 845 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in InfraREIT by 22.7% in the second quarter. Tudor Investment Corp ET AL now owns 16,128 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 2,984 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in InfraREIT by 14.1% in the second quarter. Voya Investment Management LLC now owns 18,977 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 2,338 shares during the last quarter. 84.15% of the stock is currently owned by hedge funds and other institutional investors.
HIFR has been the topic of a number of research analyst reports. BidaskClub cut InfraREIT from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 price target on shares of InfraREIT in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. InfraREIT currently has a consensus rating of “Buy” and a consensus price target of $23.50.
InfraREIT Company Profile
InfraREIT, Inc is a real estate investment trust. The Company is engaged in owning and leasing rate-regulated transmission and distribution (T&D) assets in Texas. It leases its T&D assets to Sharyland Utilities, L.P. Its 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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