InfraREIT, Inc. (NYSE:HIFR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, July 26th. Royal Bank of Canada reissued a “hold” rating and issued a $22.00 target price on shares of InfraREIT in a research report on Wednesday, August 9th. Finally, Evercore ISI reissued an “outperform” rating and issued a $24.00 target price on shares of InfraREIT in a research report on Saturday, September 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.67.

InfraREIT (NYSE:HIFR) traded down $0.13 during trading hours on Friday, hitting $21.24. The stock had a trading volume of 88,700 shares, compared to its average volume of 188,739. InfraREIT has a twelve month low of $16.00 and a twelve month high of $23.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90.

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In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $22.43, for a total transaction of $1,796,373.84. Following the completion of the sale, the insider now directly owns 4,298,306 shares of the company’s stock, valued at approximately $96,411,003.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $21.98, for a total value of $3,297,000.00. Following the sale, the insider now directly owns 4,572,394 shares of the company’s stock, valued at $100,501,220.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 424,088 shares of company stock valued at $9,397,774. Insiders own 28.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HIFR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in InfraREIT during the 3rd quarter worth approximately $122,000. Great West Life Assurance Co. Can lifted its position in InfraREIT by 89.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 5,878 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,778 shares during the period. SG Americas Securities LLC acquired a new stake in InfraREIT during the 3rd quarter worth approximately $174,000. Principal Financial Group Inc. acquired a new stake in InfraREIT during the 2nd quarter worth approximately $206,000. Finally, First Trust Advisors LP acquired a new stake in InfraREIT during the 3rd quarter worth approximately $231,000. 84.35% of the stock is owned by institutional investors.

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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