New Amsterdam Partners LLC NY grew its stake in InfraREIT Inc (NYSE:HIFR) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 358,075 shares of the real estate investment trust’s stock after acquiring an additional 8,463 shares during the quarter. New Amsterdam Partners LLC NY owned about 0.82% of InfraREIT worth $6,653,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Heartland Advisors Inc. raised its holdings in InfraREIT by 107.3% in the 4th quarter. Heartland Advisors Inc. now owns 200,273 shares of the real estate investment trust’s stock worth $3,721,000 after purchasing an additional 103,673 shares during the period. Aperio Group LLC raised its holdings in InfraREIT by 19.8% in the 4th quarter. Aperio Group LLC now owns 43,193 shares of the real estate investment trust’s stock worth $803,000 after purchasing an additional 7,135 shares during the period. Aurora Investment Counsel purchased a new stake in InfraREIT during the 4th quarter worth approximately $1,802,000. Pensionfund Sabic increased its stake in InfraREIT by 57.3% during the 4th quarter. Pensionfund Sabic now owns 24,720 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 9,000 shares in the last quarter. Finally, Pensionfund DSM Netherlands increased its stake in InfraREIT by 37.6% during the 4th quarter. Pensionfund DSM Netherlands now owns 62,180 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 17,000 shares in the last quarter. 84.35% of the stock is owned by institutional investors.
Several equities research analysts have commented on HIFR shares. Zacks Investment Research upgraded InfraREIT from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada restated a “hold” rating and issued a $18.00 price target on shares of InfraREIT in a research report on Thursday, January 11th. Wolfe Research lowered InfraREIT from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Finally, BidaskClub cut InfraREIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. InfraREIT has an average rating of “Hold” and an average price target of $22.33.
InfraREIT Inc (NYSE:HIFR) traded down $0.53 during trading hours on Monday, reaching $18.09. The company’s stock had a trading volume of 28,948 shares, compared to its average volume of 210,361. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90. InfraREIT Inc has a one year low of $16.00 and a one year high of $23.22. The firm has a market capitalization of $815.50, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.86 and a beta of 0.44.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, December 28th. InfraREIT’s dividend payout ratio (DPR) is 86.21%.
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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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