InfraREIT, Inc. (NYSE:HIFR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

Other analysts have also issued research reports about the stock. 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 note 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 note 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 note on Saturday, September 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. InfraREIT has an average rating of “Hold” and an average target price of $23.67.

Shares of InfraREIT (HIFR) opened at $21.24 on Friday. 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.

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In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 150,000 shares of InfraREIT stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $22.14, for a total value of $3,321,000.00. Following the completion of the transaction, the insider now owns 4,422,394 shares of the company’s stock, valued at $97,911,803.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of InfraREIT stock in a transaction on Monday, September 11th. The stock was sold at an average price of $22.43, for a total transaction of $1,796,373.84. Following the completion of the transaction, the insider now directly owns 4,298,306 shares of the company’s stock, valued at approximately $96,411,003.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 424,088 shares of company stock valued at $9,397,774. Insiders own 28.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in InfraREIT in the third quarter worth $122,000. Great West Life Assurance Co. Can boosted its holdings in InfraREIT by 89.6% in the third quarter. Great West Life Assurance Co. Can now owns 5,878 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,778 shares during the period. SG Americas Securities LLC acquired a new position in InfraREIT in the third quarter worth $174,000. Principal Financial Group Inc. acquired a new position in InfraREIT in the second quarter worth $206,000. Finally, First Trust Advisors LP acquired a new position in InfraREIT in the third quarter worth $231,000. 84.35% of the stock is owned by hedge funds and other institutional investors.

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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