Shares of InfraREIT, Inc. (NYSE:HIFR) have earned an average rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $23.50.

Several equities research analysts have issued reports on HIFR shares. Zacks Investment Research downgraded InfraREIT from a “hold” rating to a “sell” rating in a report on Friday, May 19th. Wolfe Research raised InfraREIT from a “market perform” rating to an “outperform” rating in a report on Monday, April 24th. BidaskClub raised InfraREIT from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price target on shares of InfraREIT in a report on Wednesday.

In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 62,746 shares of the 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 owns 5,463,489 shares in the company, valued at approximately $107,412,193.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Insurance & Annuity A. Teachers sold 65,336 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $19.72, for a total value of $1,288,425.92. Following the transaction, the insider now owns 5,398,153 shares in the company, valued at approximately $106,451,577.16. The disclosure for this sale can be found here. Insiders have sold a total of 853,841 shares of company stock worth $18,376,891 in the last quarter. Company insiders own 28.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in InfraREIT by 1.3% in the first quarter. Meeder Asset Management Inc. now owns 24,752 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 325 shares during the last quarter. Bank of Montreal Can boosted its position 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 last quarter. Clinton Group Inc. boosted its position in InfraREIT by 7.0% in the first quarter. Clinton Group Inc. now owns 13,003 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 845 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position 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 valued at $507,000 after buying an additional 1,200 shares during the last quarter. Finally, American International Group Inc. boosted its position in InfraREIT by 7.1% in the first quarter. American International Group Inc. now owns 24,535 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 1,623 shares during the last quarter. Hedge funds and other institutional investors own 84.01% of the company’s stock.

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InfraREIT (NYSE HIFR) opened at 20.70 on Friday. InfraREIT has a 12 month low of $14.59 and a 12 month high of $23.12. The company’s 50-day moving average is $20.38 and its 200-day moving average is $18.65. The company has a market cap of $906.20 million, a price-to-earnings ratio of 17.41 and a beta of 0.49.

InfraREIT (NYSE:HIFR) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) 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 business had revenue of $40.42 million for the quarter. On average, equities research analysts anticipate that InfraREIT will post $1.28 earnings per share for the current year.

The company 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. This represents a $1.00 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Wednesday, June 28th. 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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