Swiss National Bank Sells 1,800 Shares of InfraREIT Inc. (HIFR)
Swiss National Bank lowered its stake in InfraREIT Inc. (NYSE:HIFR) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 69,300 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Swiss National Bank’s holdings in InfraREIT were worth $1,216,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Group LTD boosted its position in InfraREIT by 2.4% in the first quarter. BlackRock Group LTD now owns 72,541 shares of the real estate investment trust’s stock worth $1,235,000 after buying an additional 1,688 shares during the last quarter. Strs Ohio boosted its position in InfraREIT by 90.0% in the second quarter. Strs Ohio now owns 13,300 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 6,300 shares during the last quarter. HBK Investments L P boosted its position in InfraREIT by 38.9% in the first quarter. HBK Investments L P now owns 33,581 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 9,397 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in InfraREIT during the first quarter worth $172,000. Finally, Bank of New York Mellon Corp boosted its position in InfraREIT by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 205,518 shares of the real estate investment trust’s stock worth $3,605,000 after buying an additional 12,012 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.
InfraREIT Inc. (NYSE:HIFR) traded down 0.44% during mid-day trading on Friday, hitting $18.14. 112,742 shares of the stock were exchanged. The company has a 50-day moving average price of $18.37 and a 200-day moving average price of $17.42. The company has a market cap of $793.88 million, a P/E ratio of 16.92 and a beta of 0.33. InfraREIT Inc. has a one year low of $13.61 and a one year high of $25.21.
InfraREIT (NYSE:HIFR) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter. InfraREIT had a net margin of 29.22% and a return on equity of 7.54%. The business earned $33.79 million during the quarter, compared to analysts’ expectations of $171.65 million.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Wednesday, September 28th. InfraREIT’s payout ratio is 94.34%.
Separately, Wells Fargo & Co. reissued a “buy” rating on shares of InfraREIT in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. InfraREIT has an average rating of “Buy” and a consensus target price of $21.00.
InfraREIT Company Profile
InfraREIT, Inc is a real estate investment trust. The Company owns electric transmission and distribution (T&D) assets in Texas. Its segment is rate-regulated electric T&D assets. The Company’s T&D 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.
Want to see what other hedge funds are holding HIFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InfraREIT Inc. (NYSE:HIFR).
Receive News & Ratings for InfraREIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InfraREIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.