Zacks Investment Research lowered shares of InfraREIT (NYSE:HIFR) from a hold rating to a sell rating in a report issued 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. “

Other analysts have also recently issued reports about the company. BidaskClub cut 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 price target on shares of InfraREIT in a research report on Thursday, January 11th. Finally, Wolfe Research cut InfraREIT from an outperform rating to a market perform rating in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $22.33.

Shares of InfraREIT (HIFR) opened at $19.04 on Thursday. 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 12-month low of $16.00 and a 12-month high of $23.22.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.25%. The ex-dividend date was Thursday, December 28th. InfraREIT’s payout ratio is currently 86.21%.

A number of large investors have recently modified their holdings of the business. New Amsterdam Partners LLC NY grew its holdings in InfraREIT by 2.4% in the 4th quarter. New Amsterdam Partners LLC NY now owns 358,075 shares of the real estate investment trust’s stock valued at $6,653,000 after buying an additional 8,463 shares in the last quarter. Heartland Advisors Inc. grew its holdings in InfraREIT by 107.3% in the 4th quarter. Heartland Advisors Inc. now owns 200,273 shares of the real estate investment trust’s stock valued at $3,721,000 after buying an additional 103,673 shares in the last quarter. Aperio Group LLC grew its holdings in InfraREIT by 19.8% in the 4th quarter. Aperio Group LLC now owns 43,193 shares of the real estate investment trust’s stock valued at $803,000 after buying an additional 7,135 shares in the last quarter. Aurora Investment Counsel purchased a new stake in InfraREIT in the 4th quarter valued at $1,802,000. Finally, Pensionfund Sabic grew its holdings in InfraREIT by 57.3% in the 4th quarter. Pensionfund Sabic now owns 24,720 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 9,000 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

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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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