New Amsterdam Partners LLC NY increased its position in InfraREIT, Inc. (NYSE:HIFR) by 18.0% during the second quarter, Holdings Channel reports. The firm owned 352,645 shares of the real estate investment trust’s stock after buying an additional 53,876 shares during the period. InfraREIT comprises about 1.4% of New Amsterdam Partners LLC NY’s investment portfolio, making the stock its 25th largest position. New Amsterdam Partners LLC NY’s holdings in InfraREIT were worth $6,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of InfraREIT by 6.1% in the first quarter. Vanguard Group Inc. now owns 2,729,325 shares of the real estate investment trust’s stock worth $49,128,000 after buying an additional 157,236 shares during the period. State Street Corp raised its position in shares of InfraREIT by 10.5% in the first quarter. State Street Corp now owns 787,301 shares of the real estate investment trust’s stock worth $14,173,000 after buying an additional 74,806 shares during the period. Neuberger Berman Group LLC raised its position in shares of InfraREIT by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 634,168 shares of the real estate investment trust’s stock worth $11,415,000 after buying an additional 10,338 shares during the period. Bank of America Corp DE raised its position in shares of InfraREIT by 2.4% in the first quarter. Bank of America Corp DE now owns 615,191 shares of the real estate investment trust’s stock worth $11,074,000 after buying an additional 14,493 shares during the period. Finally, Prudential Financial Inc. raised its position 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 worth $10,931,000 after buying an additional 201,600 shares during the period. 84.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of InfraREIT, Inc. (NYSE HIFR) opened at 21.06 on Friday. InfraREIT, Inc. has a 1-year low of $14.59 and a 1-year high of $23.12. The firm’s 50-day moving average is $20.42 and its 200-day moving average is $18.68. The firm has a market cap of $921.96 million, a P/E ratio of 17.71 and a beta of 0.49.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.75%. The ex-dividend date was Wednesday, June 28th. InfraREIT’s payout ratio is 83.33%.

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A number of equities analysts recently issued reports on HIFR shares. Zacks Investment Research lowered shares of InfraREIT from a “hold” rating to a “sell” rating in a research report on Friday, May 19th. Wolfe Research upgraded shares of InfraREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, April 24th. BidaskClub upgraded shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 price target on shares of InfraREIT in a research note on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. InfraREIT has a consensus rating of “Buy” and a consensus target price of $23.50.

In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 65,336 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $19.72, for a total transaction of $1,288,425.92. Following the transaction, the insider now owns 5,398,153 shares in the company, valued at approximately $106,451,577.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Insurance & Annuity A. Teachers sold 62,746 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $19.66, for a total value of $1,233,586.36. Following the transaction, the insider now 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 a total of 853,841 shares of company stock worth $18,376,891 in the last quarter. Company insiders own 28.00% of the company’s stock.

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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