New Amsterdam Partners LLC NY trimmed its stake in InfraREIT Inc (NYSE:HIFR) by 16.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 237,357 shares of the real estate investment trust’s stock after selling 47,555 shares during the quarter. InfraREIT accounts for 1.3% of New Amsterdam Partners LLC NY’s portfolio, making the stock its 26th largest position. New Amsterdam Partners LLC NY’s holdings in InfraREIT were worth $5,020,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of HIFR. Bridgeworth LLC purchased a new stake in shares of InfraREIT in the second quarter worth approximately $133,000. SG Americas Securities LLC bought a new position in InfraREIT during the second quarter valued at approximately $140,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in InfraREIT during the second quarter valued at approximately $210,000. Raymond James & Associates bought a new position in InfraREIT during the second quarter valued at approximately $230,000. Finally, Xact Kapitalforvaltning AB bought a new position in InfraREIT during the first quarter valued at approximately $255,000. 84.82% of the stock is owned by institutional investors and hedge funds.
Shares of HIFR stock opened at $21.37 on Wednesday. InfraREIT Inc has a 12 month low of $17.60 and a 12 month high of $22.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 0.28.
InfraREIT (NYSE:HIFR) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. InfraREIT had a return on equity of 9.77% and a net margin of 18.02%. The company had revenue of $48.93 million for the quarter. Sell-side analysts expect that InfraREIT Inc will post 1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Friday, September 28th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.00 annualized dividend and a yield of 4.68%.
HIFR has been the topic of several recent research reports. Wells Fargo & Co cut their price objective on shares of InfraREIT from $22.00 to $21.00 and set a “market perform” rating on the stock in a research report on Friday, October 19th. ValuEngine lowered shares of InfraREIT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.50.
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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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