InfraREIT (HIFR) Rating Lowered to Sell at Zacks Investment Research

InfraREIT (NYSE:HIFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “InfraREIT, Inc. is a real estate investment trust which owns rate regulated electricity delivery infrastructure assets primarily in Texas. The company’s asset consists of Panhandle Assets, Stanton/Brady/Celeste Assets, McAllen Assets, Stanton Transmission Loop Assets and ERCOT Transmission Assets. InfraREIT, Inc. is based in Dallas, United States. “

A number of other analysts also recently weighed in on HIFR. BidaskClub downgraded InfraREIT from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 target price on shares of InfraREIT in a research report on Thursday, January 11th. Finally, Wolfe Research downgraded InfraREIT from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. InfraREIT has a consensus rating of “Hold” and an average target price of $22.33.

InfraREIT (NYSE HIFR) traded up $0.23 during trading hours on Thursday, hitting $19.21. The stock had a trading volume of 206,969 shares, compared to its average volume of 195,999. The company has a market cap of $818.13, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 2.87 and a beta of 0.43. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.90. InfraREIT has a 1 year low of $16.00 and a 1 year high of $23.22.

InfraREIT (NYSE:HIFR) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). InfraREIT had a net margin of 27.06% and a return on equity of 6.46%. analysts expect that InfraREIT will post 1.22 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of InfraREIT during the 3rd quarter worth $122,000. Great West Life Assurance Co. Can lifted its position in shares of 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 buying an additional 2,778 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of InfraREIT during the 3rd quarter worth $174,000. First Trust Advisors LP bought a new stake in shares of InfraREIT during the 3rd quarter worth $231,000. Finally, Principal Financial Group Inc. bought a new stake in shares of InfraREIT during the 2nd quarter worth $206,000. Institutional investors and hedge funds own 84.63% of the company’s stock.

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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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