Northern Trust Corp increased its holdings in InfraREIT Inc (NYSE:HIFR) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488,543 shares of the real estate investment trust’s stock after purchasing an additional 40,317 shares during the period. Northern Trust Corp owned approximately 1.11% of InfraREIT worth $10,831,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in InfraREIT by 7.6% in the second quarter. BlackRock Inc. now owns 3,003,868 shares of the real estate investment trust’s stock worth $66,596,000 after purchasing an additional 211,422 shares in the last quarter. FMR LLC increased its holdings in shares of InfraREIT by 230.1% during the second quarter. FMR LLC now owns 2,018,080 shares of the real estate investment trust’s stock worth $44,741,000 after buying an additional 1,406,778 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of InfraREIT by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 370,480 shares of the real estate investment trust’s stock worth $8,214,000 after buying an additional 6,382 shares in the last quarter. Millennium Management LLC increased its holdings in shares of InfraREIT by 121.8% during the first quarter. Millennium Management LLC now owns 228,967 shares of the real estate investment trust’s stock worth $4,449,000 after buying an additional 125,752 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of InfraREIT by 7.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 220,096 shares of the real estate investment trust’s stock worth $4,880,000 after buying an additional 16,139 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.
NYSE HIFR opened at $21.28 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. InfraREIT Inc has a 1-year low of $17.60 and a 1-year high of $22.83.
InfraREIT (NYSE:HIFR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $48.93 million during the quarter. InfraREIT had a net margin of 18.02% and a return on equity of 9.77%. As a group, analysts forecast that InfraREIT Inc will post 1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Friday, September 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.70%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of InfraREIT from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday. ValuEngine raised shares of InfraREIT from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Co dropped their price objective on shares of InfraREIT from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.00.
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InfraREIT is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc (a diversified holding company based in Dallas, Texas, and managed by the Ray L.
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