ClariVest Asset Management LLC acquired a new position in InfraREIT, Inc. (NYSE:HIFR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 187,000 shares of the real estate investment trust’s stock, valued at approximately $3,581,000.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in InfraREIT by 218.3% in the first quarter. Advisors Asset Management Inc. now owns 11,497 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 7,885 shares during the period. Clinton Group Inc. boosted its position in InfraREIT by 7.0% in the first quarter. Clinton Group Inc. now owns 13,003 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 845 shares during the period. Acadian Asset Management LLC boosted its position in InfraREIT by 310.3% in the second quarter. Acadian Asset Management LLC now owns 19,643 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 14,856 shares during the period. Karp Capital Management Corp bought a new position in InfraREIT during the first quarter worth about $418,000. Finally, Sei Investments Co. boosted its position in InfraREIT by 1,010.6% in the second quarter. Sei Investments Co. now owns 22,878 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 20,818 shares during the period. 84.15% of the stock is currently owned by institutional investors.

Shares of InfraREIT, Inc. (NYSE:HIFR) opened at 21.51 on Wednesday. The firm has a market cap of $941.66 million, a price-to-earnings ratio of 18.09 and a beta of 0.49. InfraREIT, Inc. has a 12-month low of $14.59 and a 12-month high of $23.12. The company has a 50 day moving average of $20.53 and a 200-day moving average of $18.77.

InfraREIT (NYSE:HIFR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by $0.12. InfraREIT had a return on equity of 6.28% and a net margin of 28.31%. The business had revenue of $40.42 million for the quarter. Analysts predict that InfraREIT, Inc. will post $1.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Friday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.65%. The ex-dividend date was Wednesday, June 28th. InfraREIT’s payout ratio is currently 83.33%.

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A number of research firms have recently issued reports on HIFR. BidaskClub cut shares of InfraREIT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 target price on shares of InfraREIT in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, July 26th. Finally, Wolfe Research upgraded shares of InfraREIT from a “market perform” rating to an “outperform” rating in a report on Monday, April 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $23.50.

In related news, major shareholder Insurance & Annuity A. Teachers sold 209,582 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $21.19, for a total transaction of $4,441,042.58. Following the sale, the insider now owns 5,223,153 shares of the company’s stock, valued at $110,678,612.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 62,746 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $19.66, for a total transaction of $1,233,586.36. Following the sale, the insider now directly owns 5,463,489 shares in the company, valued at approximately $107,412,193.74. The disclosure for this sale can be found here. Insiders have sold 853,841 shares of company stock worth $18,376,891 in the last three months. 28.00% of the stock is currently owned by insiders.

About InfraREIT

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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