GSA Capital Partners LLP acquired a new stake in InfraREIT Inc (NYSE:HIFR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,943 shares of the real estate investment trust’s stock, valued at approximately $531,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIFR. SG Americas Securities LLC acquired a new position in shares of InfraREIT in the 2nd quarter valued at about $140,000. Schroder Investment Management Group acquired a new position in shares of InfraREIT in the 1st quarter valued at about $174,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of InfraREIT in the 2nd quarter valued at about $210,000. Xact Kapitalforvaltning AB acquired a new position in shares of InfraREIT in the 1st quarter valued at about $255,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of InfraREIT in the 1st quarter valued at about $264,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine lowered InfraREIT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.00.
Shares of NYSE:HIFR opened at $21.64 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.28 and a current ratio of 0.28. InfraREIT Inc has a one year low of $17.60 and a one year high of $23.22.
InfraREIT (NYSE:HIFR) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $47.83 million for the quarter. InfraREIT had a return on equity of 9.13% and a net margin of 18.41%. equities research analysts expect that InfraREIT Inc will post 1.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Friday, September 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.62%.
InfraREIT Company Profile
InfraREIT is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. 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.
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