Aperio Group LLC boosted its stake in InfraREIT, Inc. (NYSE:HIFR) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,058 shares of the real estate investment trust’s stock after purchasing an additional 8,856 shares during the period. Aperio Group LLC owned about 0.08% of InfraREIT worth $807,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HIFR. Parametric Portfolio Associates LLC lifted its stake in InfraREIT by 8.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 43,131 shares of the real estate investment trust’s stock valued at $776,000 after purchasing an additional 3,328 shares during the last quarter. Legal & General Group Plc increased its position in InfraREIT by 14.0% in the 1st quarter. Legal & General Group Plc now owns 29,511 shares of the real estate investment trust’s stock valued at $532,000 after acquiring an additional 3,628 shares during the period. Vanguard Group Inc. increased its position in InfraREIT by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 2,729,325 shares of the real estate investment trust’s stock valued at $49,128,000 after acquiring an additional 157,236 shares during the period. Geode Capital Management LLC increased its position in InfraREIT by 7.0% in the 1st quarter. Geode Capital Management LLC now owns 489,404 shares of the real estate investment trust’s stock valued at $8,808,000 after acquiring an additional 31,994 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in InfraREIT by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 138,322 shares of the real estate investment trust’s stock valued at $2,490,000 after acquiring an additional 7,866 shares during the period. 87.68% of the stock is owned by institutional investors and hedge funds.

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HIFR has been the subject of several recent research reports. BidaskClub cut shares of InfraREIT from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 11th. Zacks Investment Research upgraded shares of InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 price target on shares of InfraREIT in a research report on Wednesday, August 9th. Finally, Evercore ISI restated an “outperform” rating and issued a $24.00 price target on shares of InfraREIT in a research report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Shares of InfraREIT, Inc. (HIFR) opened at $21.18 on Wednesday. InfraREIT, Inc. has a 12-month low of $16.00 and a 12-month high of $23.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25.

In related news, major shareholder Insurance & Annuity A. Teachers sold 44,000 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $22.35, for a total transaction of $983,400.00. Following the transaction, the insider now directly owns 4,378,394 shares of the company’s stock, valued at $97,857,105.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 150,000 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $22.14, for a total transaction of $3,321,000.00. Following the transaction, the insider now directly owns 4,422,394 shares in the company, valued at $97,911,803.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,088 shares of company stock valued at $6,100,774. 28.00% of the stock is currently owned by corporate insiders.

InfraREIT 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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Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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