Teachers Insurance & Annuity Association of America Continues to Hold Position in InfraREIT, Inc. (HIFR)

Teachers Insurance & Annuity Association of America maintained its stake in shares of InfraREIT, Inc. (NYSE:HIFR) during the second quarter, according to its most recent filing with the SEC. The fund owned 5,576,235 shares of the real estate investment trust’s stock at the end of the second quarter. InfraREIT makes up about 3.7% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 4th largest position. Teachers Insurance & Annuity Association of America owned about 12.74% of InfraREIT worth $106,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Magellan Asset Management Ltd bought a new position in InfraREIT during the second quarter valued at $439,000. Thrivent Financial For Lutherans boosted its position in InfraREIT by 50.7% in the second quarter. Thrivent Financial For Lutherans now owns 225,331 shares of the real estate investment trust’s stock valued at $4,315,000 after buying an additional 75,851 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in InfraREIT by 77,669.0% in the second quarter. PNC Financial Services Group Inc. now owns 22,553 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 22,524 shares during the last quarter. Nationwide Fund Advisors boosted its position in InfraREIT by 33.8% in the second quarter. Nationwide Fund Advisors now owns 108,951 shares of the real estate investment trust’s stock valued at $2,086,000 after buying an additional 27,544 shares during the last quarter. Finally, AJO LP boosted its position in InfraREIT by 78.2% in the second quarter. AJO LP now owns 331,031 shares of the real estate investment trust’s stock valued at $6,339,000 after buying an additional 145,318 shares during the last quarter. Hedge funds and other institutional investors own 84.15% of the company’s stock.

InfraREIT, Inc. (HIFR) traded down 0.36% during trading on Friday, reaching $22.22. 136,486 shares of the company traded hands. 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 52 week low of $14.59 and a 52 week high of $23.12. The company has a market capitalization of $972.75 million, a P/E ratio of 18.69 and a beta of 0.49.

InfraREIT (NYSE:HIFR) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.12. InfraREIT had a net margin of 28.31% and a return on equity of 6.28%. The firm had revenue of $40.42 million during the quarter. Analysts forecast that InfraREIT, Inc. will post $1.28 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on the stock. BidaskClub raised shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed 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 shares of InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, July 26th. Two investment 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 company has a consensus rating of “Buy” and a consensus target price of $23.50.

In related news, major shareholder Insurance & Annuity A. Teachers sold 65,336 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $19.72, for a total value of $1,288,425.92. Following the completion of the transaction, the insider now owns 5,398,153 shares of the company’s stock, valued at approximately $106,451,577.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Insurance & Annuity A. Teachers sold 62,746 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $19.66, for a total transaction of $1,233,586.36. Following the completion of the transaction, the insider now directly owns 5,463,489 shares of the company’s stock, valued at approximately $107,412,193.74. The disclosure for this sale can be found here. Insiders sold a total of 1,197,841 shares of company stock valued at $25,978,291 in the last three months. 28.00% of the stock is currently owned by corporate insiders.

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.