Brokerages predict that InfraREIT, Inc. (NYSE:HIFR) will report $0.44 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for InfraREIT’s earnings. InfraREIT posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The business is expected to announce its next earnings report before the market opens on Thursday, November 2nd.

On average, analysts expect that InfraREIT will report full-year earnings of $1.40 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $1.50 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow InfraREIT.

InfraREIT (NYSE:HIFR) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.12). InfraREIT had a net margin of 28.31% and a return on equity of 6.28%. The business had revenue of $40.42 million for the quarter.

A number of analysts have commented on the stock. BidaskClub upgraded shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of InfraREIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada restated a “hold” rating and set a $22.00 price target on shares of InfraREIT in a report on Wednesday, August 9th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $24.00 price objective on shares of InfraREIT in a research report on Saturday, September 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. InfraREIT has a consensus rating of “Hold” and a consensus price target of $23.67.

In other news, major shareholder Insurance & Annuity A. Teachers sold 134,964 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $22.76, for a total transaction of $3,071,780.64. Following the transaction, the insider now directly owns 5,053,607 shares in the company, valued at $115,020,095.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 108,514 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $22.54, for a total transaction of $2,445,905.56. Following the transaction, the insider now owns 4,945,093 shares in the company, valued at $111,462,396.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,099,847 shares of company stock worth $24,263,153. 28.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in InfraREIT by 7.0% during the second quarter. Vanguard Group Inc. now owns 2,919,574 shares of the real estate investment trust’s stock worth $55,909,000 after buying an additional 190,249 shares in the last quarter. State Street Corp raised its position in shares of InfraREIT by 10.8% in the second quarter. State Street Corp now owns 871,997 shares of the real estate investment trust’s stock valued at $16,697,000 after buying an additional 84,696 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of InfraREIT by 35.7% in the second quarter. JPMorgan Chase & Co. now owns 725,415 shares of the real estate investment trust’s stock valued at $13,892,000 after buying an additional 190,748 shares during the last quarter. Bank of America Corp DE raised its position in shares of InfraREIT by 2.4% in the first quarter. Bank of America Corp DE now owns 615,191 shares of the real estate investment trust’s stock valued at $11,074,000 after buying an additional 14,493 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of InfraREIT in the second quarter valued at approximately $11,079,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of InfraREIT (NYSE:HIFR) traded up 1.40% during midday trading on Friday, hitting $23.19. The stock had a trading volume of 109,583 shares. The firm has a 50 day moving average price of $22.51 and a 200-day moving average price of $20.52. InfraREIT has a 52-week low of $14.59 and a 52-week high of $23.22. The stock has a market cap of $1.02 billion, a PE ratio of 19.50 and a beta of 0.49.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Friday, September 29th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.00 annualized dividend and a yield of 4.31%. InfraREIT’s dividend payout ratio is currently 83.33%.

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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