Shares of InfraREIT (NYSE:HIFR) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.00.
A number of analysts have commented on the company. Zacks Investment Research lowered InfraREIT from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. ValuEngine lowered InfraREIT from a “buy” rating to a “hold” rating in a report on Friday, March 2nd.
Shares of InfraREIT opened at $21.00 on Thursday, Marketbeat.com reports. InfraREIT has a one year low of $21.18 and a one year high of $21.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.26 and a quick ratio of 0.26.
InfraREIT (NYSE:HIFR) last issued its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. InfraREIT had a return on equity of 8.22% and a net margin of 12.25%. The business had revenue of $45.66 million during the quarter. equities research analysts anticipate that InfraREIT will post 1.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Wednesday, March 28th.
A number of institutional investors and hedge funds have recently modified their holdings of HIFR. Aperio Group LLC increased its holdings in InfraREIT by 19.8% during 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 in the last quarter. Heartland Advisors Inc. increased its holdings in InfraREIT by 107.3% during 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 in the last quarter. New Amsterdam Partners LLC NY increased its holdings in InfraREIT by 2.4% during the 4th quarter. New Amsterdam Partners LLC NY now owns 358,075 shares of the real estate investment trust’s stock worth $6,653,000 after purchasing an additional 8,463 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in InfraREIT during the 4th quarter worth approximately $279,000. Finally, Forsta AP Fonden bought a new stake in InfraREIT during the 4th quarter worth approximately $190,000. 75.53% of the stock is owned by hedge funds and other institutional investors.
InfraREIT Company Profile
InfraREIT is a real estate investment trust that is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas. The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc (a diversified holding company based in Dallas, Texas, and managed by the Ray L.
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.