First Trust Advisors LP purchased a new position in shares of InfraREIT Inc (NYSE:HIFR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,347 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Several other hedge funds also recently modified their holdings of HIFR. LSV Asset Management bought a new position in shares of InfraREIT during the second quarter worth about $11,079,000. FMR LLC lifted its position in shares of InfraREIT by 619.8% during the second quarter. FMR LLC now owns 416,693 shares of the real estate investment trust’s stock worth $7,980,000 after purchasing an additional 358,800 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of InfraREIT by 35.7% during the second quarter. JPMorgan Chase & Co. now owns 725,415 shares of the real estate investment trust’s stock worth $13,892,000 after purchasing an additional 190,748 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 190,249 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in shares of InfraREIT during the second quarter worth about $3,581,000. 84.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of InfraREIT Inc (NYSE:HIFR) traded down $0.01 during midday trading on Wednesday, reaching $20.17. 130,800 shares of the company’s stock were exchanged, compared to its average volume of 183,683. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.90. InfraREIT Inc has a 1 year low of $16.00 and a 1 year high of $23.22.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 4.96%. InfraREIT’s dividend payout ratio is currently 86.21%.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of InfraREIT from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. BidaskClub cut shares of InfraREIT from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 11th. Finally, Evercore ISI reissued an “outperform” rating and issued a $24.00 target price on shares of InfraREIT in a report on Saturday, September 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. InfraREIT currently has an average rating of “Hold” and a consensus price target of $23.67.

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About InfraREIT

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.

Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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