InfraREIT, Inc. (HIFR) Major Shareholder Sells $3,321,000.00 in Stock

InfraREIT, Inc. (NYSE:HIFR) major shareholder Insurance & Annuity A. Teachers sold 150,000 shares of InfraREIT stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $22.14, for a total value of $3,321,000.00. Following the sale, the insider now directly owns 4,422,394 shares in the company, valued at approximately $97,911,803.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of InfraREIT, Inc. (NYSE:HIFR) opened at 22.22 on Friday. The company has a market cap of $972.75 million, a P/E ratio of 18.69 and a beta of 0.49. The firm has a 50-day moving average price of $21.02 and a 200-day moving average price of $19.03. InfraREIT, Inc. has a 1-year low of $14.59 and a 1-year high of $23.12.

InfraREIT (NYSE:HIFR) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.12. InfraREIT had a net margin of 28.31% and a return on equity of 6.28%. The company had revenue of $40.42 million during the quarter. On average, equities analysts expect that InfraREIT, Inc. will post $1.28 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its stake in InfraREIT by 8.4% in the second quarter. Sterling Capital Management LLC now owns 56,981 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 4,396 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in InfraREIT by 28.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 154,455 shares of the real estate investment trust’s stock worth $2,958,000 after buying an additional 34,461 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in InfraREIT during the second quarter worth about $589,000. State Street Corp raised its stake in InfraREIT by 10.8% in the second quarter. State Street Corp now owns 871,997 shares of the real estate investment trust’s stock worth $16,697,000 after buying an additional 84,696 shares during the last quarter. Finally, Castleton Investment Management LLC bought a new stake in InfraREIT during the second quarter worth about $1,537,000. 84.15% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. BidaskClub downgraded InfraREIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reissued a “hold” rating and set a $22.00 target price on shares of InfraREIT in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $23.50.

InfraREIT Company Profile

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.