First Trust Advisors LP boosted its holdings in shares of InfraREIT Inc (NYSE:HIFR) by 664.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,046 shares of the real estate investment trust’s stock after purchasing an additional 68,699 shares during the quarter. First Trust Advisors LP owned about 0.18% of InfraREIT worth $1,469,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HIFR. Great West Life Assurance Co. Can increased its position in InfraREIT by 89.6% during the third quarter. Great West Life Assurance Co. Can now owns 5,878 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,778 shares during the last quarter. SG Americas Securities LLC bought a new position in InfraREIT during the third quarter valued at $174,000. Forsta AP Fonden bought a new position in InfraREIT during the fourth quarter valued at $190,000. Teacher Retirement System of Texas bought a new position in InfraREIT during the fourth quarter valued at $279,000. Finally, Advisors Asset Management Inc. increased its position in InfraREIT by 26.3% during the third quarter. Advisors Asset Management Inc. now owns 19,671 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 4,097 shares during the last quarter. 87.11% of the stock is currently owned by institutional investors.
HIFR stock opened at $19.34 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.93. The company has a market cap of $868.44, a PE ratio of 71.18, a PEG ratio of 3.05 and a beta of 0.43. InfraREIT Inc has a 1-year low of $17.33 and a 1-year high of $23.22.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Wednesday, March 28th. InfraREIT’s payout ratio is presently 357.14%.
A number of research analysts have weighed in on HIFR shares. Wolfe Research cut shares of InfraREIT from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research upgraded shares of InfraREIT from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 price objective on shares of InfraREIT in a research report on Thursday, January 11th. Finally, ValuEngine cut shares of InfraREIT from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.33.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/03/24/first-trust-advisors-lp-acquires-68699-shares-of-infrareit-inc-hifr.html.
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.
Want to see what other hedge funds are holding HIFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InfraREIT Inc (NYSE:HIFR).
Receive News & Ratings for InfraREIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfraREIT and related companies with MarketBeat.com's FREE daily email newsletter.