InfraREIT, Inc. (NYSE:HIFR) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

A number of other research analysts have also issued reports on HIFR. Zacks Investment Research lowered shares of InfraREIT from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. Wolfe Research upgraded shares of InfraREIT from a “market perform” rating to an “outperform” rating in a research report on Monday, April 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. InfraREIT has an average rating of “Buy” and a consensus price target of $19.00.

InfraREIT (NYSE:HIFR) traded up 0.67% during midday trading on Friday, hitting $19.51. The company had a trading volume of 66,496 shares. The firm has a market capitalization of $854.11 million, a P/E ratio of 16.55 and a beta of 0.42. InfraREIT has a 52 week low of $14.59 and a 52 week high of $20.08. The firm’s 50 day moving average is $19.44 and its 200-day moving average is $18.03.

InfraREIT (NYSE:HIFR) last posted its earnings results on Thursday, May 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. InfraREIT had a net margin of 28.97% and a return on equity of 7.22%. The firm had revenue of $39.62 million for the quarter. On average, equities research analysts expect that InfraREIT will post $1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Wednesday, June 28th. InfraREIT’s dividend payout ratio is currently 84.75%.

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A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of InfraREIT by 10.5% in the first quarter. State Street Corp now owns 787,301 shares of the real estate investment trust’s stock worth $14,173,000 after buying an additional 74,806 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of InfraREIT by 2.4% in the first quarter. Bank of America Corp DE now owns 615,191 shares of the real estate investment trust’s stock worth $11,074,000 after buying an additional 14,493 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of InfraREIT by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 138,322 shares of the real estate investment trust’s stock worth $2,490,000 after buying an additional 7,866 shares in the last quarter. Blackstart Capital LP bought a new stake in shares of InfraREIT during the first quarter worth $7,003,000. Finally, Geode Capital Management LLC boosted its stake in shares of InfraREIT by 7.0% in the first quarter. Geode Capital Management LLC now owns 489,404 shares of the real estate investment trust’s stock worth $8,808,000 after buying an additional 31,994 shares in the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.

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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