InfraREIT, Inc. (NYSE:HIFR) has earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $23.00.

A number of research firms recently weighed in on HIFR. Evercore ISI reaffirmed an “outperform” rating and set a $24.00 price target on shares of InfraREIT in a report on Saturday, September 30th. BidaskClub raised shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price target on shares of InfraREIT in a report on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of InfraREIT from a “buy” rating to a “hold” rating in a report on Monday, September 25th.

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In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $21.73, for a total transaction of $1,086,500.00. Following the completion of the transaction, the insider now directly owns 4,777,358 shares of the company’s stock, valued at approximately $103,811,989.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 42,735 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $22.49, for a total transaction of $961,110.15. Following the transaction, the insider now directly owns 4,827,358 shares of the company’s stock, valued at $108,567,281.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 646,787 shares of company stock valued at $14,304,424. 28.00% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in HIFR. Bank of New York Mellon Corp grew its holdings in InfraREIT by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 378,418 shares of the real estate investment trust’s stock worth $6,811,000 after acquiring an additional 25,264 shares in the last quarter. Karp Capital Management Corp acquired a new position in InfraREIT during the 1st quarter worth $418,000. Ameriprise Financial Inc. grew its holdings in InfraREIT by 156.8% during the 1st quarter. Ameriprise Financial Inc. now owns 42,914 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 26,204 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in InfraREIT by 8.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,131 shares of the real estate investment trust’s stock worth $776,000 after acquiring an additional 3,328 shares in the last quarter. Finally, American International Group Inc. grew its holdings in InfraREIT by 7.1% during the 1st quarter. American International Group Inc. now owns 24,535 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 1,623 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

InfraREIT (NYSE:HIFR) opened at 22.67 on Wednesday. The firm has a 50 day moving average of $22.52 and a 200 day moving average of $20.62. InfraREIT has a 1-year low of $14.59 and a 1-year high of $23.22. The firm has a market cap of $992.45 million, a P/E ratio of 19.07 and a beta of 0.49.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Friday, September 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Thursday, September 28th. InfraREIT’s dividend payout ratio is currently 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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