Vanguard Group Inc Acquires 461,435 Shares of InfraREIT Inc (HIFR)
Vanguard Group Inc increased its holdings in shares of InfraREIT Inc (NYSE:HIFR) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,989,433 shares of the real estate investment trust’s stock after buying an additional 461,435 shares during the period. Vanguard Group Inc owned 13.62% of InfraREIT worth $126,676,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in InfraREIT during the second quarter valued at approximately $531,000. Bank of New York Mellon Corp grew its holdings in InfraREIT by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 370,480 shares of the real estate investment trust’s stock valued at $8,214,000 after purchasing an additional 6,382 shares during the period. Russell Investments Group Ltd. grew its holdings in InfraREIT by 26.5% during the third quarter. Russell Investments Group Ltd. now owns 74,528 shares of the real estate investment trust’s stock valued at $1,577,000 after purchasing an additional 15,605 shares during the period. Virtus ETF Advisers LLC acquired a new position in InfraREIT during the third quarter valued at approximately $566,000. Finally, Reaves W H & Co. Inc. grew its holdings in InfraREIT by 9.9% during the third quarter. Reaves W H & Co. Inc. now owns 1,345,688 shares of the real estate investment trust’s stock valued at $28,461,000 after purchasing an additional 120,812 shares during the period. 85.05% of the stock is owned by institutional investors and hedge funds.
HIFR has been the subject of a number of analyst reports. Wells Fargo & Co decreased their price objective on shares of InfraREIT from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, October 19th. ValuEngine upgraded shares of InfraREIT from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Finally, Zacks Investment Research cut shares of InfraREIT from a “buy” rating to a “hold” rating in a report on Friday, January 4th.
InfraREIT (NYSE:HIFR) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The firm had revenue of $48.93 million during the quarter. InfraREIT had a net margin of 18.02% and a return on equity of 9.77%. On average, analysts forecast that InfraREIT Inc will post 1.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Monday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, December 28th.
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InfraREIT is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc (a diversified holding company based in Dallas, Texas, and managed by the Ray L.
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