Somewhat Favorable Media Coverage Somewhat Unlikely to Affect InfraREIT (HIFR) Stock Price
Press coverage about InfraREIT (NYSE:HIFR) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. InfraREIT earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.0883371504587 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
InfraREIT (NYSE HIFR) opened at 22.37 on Thursday. The company has a market capitalization of $979.31 million, a P/E ratio of 18.81 and a beta of 0.49. InfraREIT has a 12-month low of $14.59 and a 12-month high of $23.12. The stock’s 50 day moving average is $21.02 and its 200-day moving average is $19.03.
InfraREIT (NYSE:HIFR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.12. The business had revenue of $40.42 million for the quarter. InfraREIT had a net margin of 28.31% and a return on equity of 6.28%. On average, equities analysts predict that InfraREIT will post $1.28 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price objective on shares of InfraREIT in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of InfraREIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.50.
In other news, major shareholder Insurance & Annuity A. Teachers sold 65,336 shares of InfraREIT stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $19.72, for a total transaction of $1,288,425.92. Following the completion of the sale, the insider now owns 5,398,153 shares in the company, valued at approximately $106,451,577.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 62,746 shares of InfraREIT stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $19.66, for a total value of $1,233,586.36. Following the sale, the insider now owns 5,463,489 shares of the company’s stock, valued at approximately $107,412,193.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,197,841 shares of company stock valued at $25,978,291. Corporate insiders own 28.00% of the company’s stock.
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.
Receive News & Stock Ratings for InfraREIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfraREIT Inc. and related stocks with our FREE daily email newsletter.