InfraREIT Inc (NYSE:HIFR) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.25 per share by the real estate investment trust on Thursday, January 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, December 28th.

InfraREIT has a dividend payout ratio of 82.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect InfraREIT to earn $1.30 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 76.9%.

Shares of InfraREIT (NYSE HIFR) traded down $0.04 during trading on Monday, reaching $21.08. The company had a trading volume of 118,100 shares, compared to its average volume of 184,937. InfraREIT has a 1-year low of $16.00 and a 1-year high of $23.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25.

HIFR has been the subject of several recent research reports. Evercore ISI reiterated an “outperform” rating and issued a $24.00 price target on shares of InfraREIT in a research report on Saturday, September 30th. BidaskClub cut InfraREIT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 price target on shares of InfraREIT in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut InfraREIT from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.67.

In other news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $22.43, for a total value of $1,796,373.84. Following the completion of the sale, the insider now owns 4,298,306 shares of the company’s stock, valued at approximately $96,411,003.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 28.00% of the company’s stock.

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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.

Dividend History for InfraREIT (NYSE:HIFR)

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