Shares of InfraREIT, Inc. (NYSE:HIFR) have been given an average rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.00.

Several analysts have recently commented on HIFR shares. Zacks Investment Research lowered InfraREIT from a “hold” rating to a “sell” rating in a report on Wednesday, March 22nd. BidaskClub upgraded InfraREIT from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Wolfe Research upgraded InfraREIT from a “market perform” rating to an “outperform” rating in a report on Monday, April 24th.

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Several hedge funds have recently modified their holdings of HIFR. Prudential Financial Inc. raised its stake in shares of InfraREIT by 49.7% in the first quarter. Prudential Financial Inc. now owns 607,290 shares of the real estate investment trust’s stock valued at $10,931,000 after buying an additional 201,600 shares in the last quarter. Pensionfund Sabic raised its stake in shares of InfraREIT by 6.3% in the first quarter. Pensionfund Sabic now owns 33,720 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 2,000 shares in the last quarter. Ecofin Ltd. raised its stake in shares of InfraREIT by 44.0% in the first quarter. Ecofin Ltd. now owns 245,094 shares of the real estate investment trust’s stock valued at $4,412,000 after buying an additional 74,832 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of InfraREIT during the fourth quarter valued at approximately $2,967,000. Finally, Norges Bank acquired a new stake in shares of InfraREIT during the fourth quarter valued at approximately $5,838,000. Hedge funds and other institutional investors own 84.25% of the company’s stock.

Shares of InfraREIT (NYSE HIFR) traded up 1.49% on Monday, reaching $19.80. The company’s stock had a trading volume of 31,728 shares. The firm has a market capitalization of $866.80 million, a PE ratio of 16.79 and a beta of 0.42. The firm has a 50-day moving average price of $19.44 and a 200 day moving average price of $18.03. InfraREIT has a one year low of $14.59 and a one year high of $20.08.

InfraREIT (NYSE:HIFR) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The company had revenue of $39.62 million for the quarter. InfraREIT had a net margin of 28.97% and a return on equity of 7.22%. On average, analysts anticipate that InfraREIT will post $1.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. InfraREIT’s dividend payout ratio is presently 84.75%.

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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