InfraREIT, Inc. (NYSE:HIFR) major shareholder Insurance & Annuity A. Teachers sold 62,746 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $19.66, for a total transaction of $1,233,586.36. Following the transaction, the insider now directly owns 5,463,489 shares in the company, valued at $107,412,193.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
InfraREIT, Inc. (NYSE:HIFR) traded down 0.68% on Tuesday, reaching $20.60. 41,196 shares of the company’s stock were exchanged. The stock has a market capitalization of $901.81 million, a P/E ratio of 17.33 and a beta of 0.49. InfraREIT, Inc. has a 1-year low of $14.59 and a 1-year high of $23.12. The firm’s 50 day moving average is $20.13 and its 200 day moving average is $18.49.
InfraREIT (NYSE:HIFR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.12. InfraREIT had a return on equity of 6.28% and a net margin of 28.31%. The business had revenue of $40.42 million for the quarter. Analysts expect that InfraREIT, Inc. will post $1.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. InfraREIT’s payout ratio is presently 83.33%.
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A number of large investors have recently made changes to their positions in HIFR. State Street Corp raised its stake in shares of InfraREIT by 9.1% in the fourth quarter. State Street Corp now owns 712,495 shares of the real estate investment trust’s stock worth $12,762,000 after buying an additional 59,572 shares during the last quarter. Norges Bank purchased a new stake in shares of InfraREIT during the fourth quarter valued at about $5,838,000. Pensionfund Sabic raised its stake in shares of InfraREIT by 6.3% in the first quarter. Pensionfund Sabic now owns 33,720 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 2,000 shares in the last quarter. Bank of Montreal Can raised its stake in InfraREIT by 1.7% in the first quarter. Bank of Montreal Can now owns 45,495 shares of the real estate investment trust’s stock valued at $819,000 after buying an additional 768 shares during the period. Finally, Miller Howard Investments Inc. NY raised its stake in InfraREIT by 4.6% in the first quarter. Miller Howard Investments Inc. NY now owns 215,602 shares of the real estate investment trust’s stock valued at $3,881,000 after buying an additional 9,549 shares during the period. Hedge funds and other institutional investors own 84.01% of the company’s stock.
HIFR has been the topic of a number of research reports. Wolfe Research raised shares of InfraREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research raised shares of InfraREIT from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, BidaskClub raised shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.00.
About InfraREIT
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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