Equities research analysts expect that InfraREIT, Inc. (NYSE:HIFR) will post earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for InfraREIT’s earnings. The business is expected to announce its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that InfraREIT will report full-year earnings of $1.40 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $1.50 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover InfraREIT.

InfraREIT (NYSE:HIFR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $40.42 million during the quarter.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, July 26th. BidaskClub lowered shares of InfraREIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Wolfe Research raised shares of InfraREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, April 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $22.00.

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In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 134,964 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $22.76, for a total value of $3,071,780.64. Following the completion of the sale, the insider now owns 5,053,607 shares in the company, valued at approximately $115,020,095.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 209,582 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $21.19, for a total transaction of $4,441,042.58. Following the completion of the sale, the insider now owns 5,223,153 shares of the company’s stock, valued at approximately $110,678,612.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 853,841 shares of company stock valued at $18,376,891. 28.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in HIFR. Virginia Retirement Systems ET AL increased its stake in InfraREIT by 4.7% in the second quarter. Virginia Retirement Systems ET AL now owns 26,500 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 1,200 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in InfraREIT during the second quarter worth approximately $1,317,000. Legal & General Group Plc increased its stake in InfraREIT by 268.3% in the second quarter. Legal & General Group Plc now owns 108,696 shares of the real estate investment trust’s stock worth $2,082,000 after buying an additional 79,185 shares during the last quarter. Bank of New York Mellon Corp increased its stake in InfraREIT by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 388,264 shares of the real estate investment trust’s stock worth $7,435,000 after buying an additional 9,846 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in InfraREIT by 35.5% in the second quarter. Advisors Asset Management Inc. now owns 15,574 shares of the real estate investment trust’s stock worth $298,000 after buying an additional 4,077 shares during the last quarter. Institutional investors own 84.01% of the company’s stock.

Shares of InfraREIT (NYSE:HIFR) traded down 0.67% during midday trading on Monday, hitting $20.79. The stock had a trading volume of 35,630 shares. The firm has a 50 day moving average price of $20.13 and a 200-day moving average price of $18.49. The stock has a market cap of $910.12 million, a PE ratio of 17.49 and a beta of 0.49. InfraREIT has a 52-week low of $14.59 and a 52-week high of $23.12.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. InfraREIT’s payout ratio is 83.33%.

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.

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