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

Several other analysts have also issued reports on HIFR. Zacks Investment Research upgraded InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, July 26th. Wolfe Research upgraded InfraREIT from a “market perform” rating to an “outperform” rating in a report on Monday, April 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.00.

InfraREIT (NYSE:HIFR) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.12. InfraREIT had a return on equity of 6.28% and a net margin of 28.31%. The company had revenue of $40.42 million for the quarter.

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In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $19.79, for a total value of $989,500.00. Following the sale, the insider now owns 5,526,235 shares in the company, valued at $109,364,190.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Insurance & Annuity A. Teachers sold 209,582 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $21.19, for a total value of $4,441,042.58. Following the completion of the sale, the insider now owns 5,223,153 shares in the company, valued at approximately $110,678,612.07. The disclosure for this sale can be found here. Insiders sold 853,841 shares of company stock worth $18,376,891 in the last 90 days. Corporate insiders own 28.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in InfraREIT by 218.3% in the first quarter. Advisors Asset Management Inc. now owns 11,497 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 7,885 shares during the last quarter. Clinton Group Inc. increased its position in InfraREIT by 7.0% in the first quarter. Clinton Group Inc. now owns 13,003 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 845 shares during the last quarter. Acadian Asset Management LLC increased its position in InfraREIT by 310.3% in the second quarter. Acadian Asset Management LLC now owns 19,643 shares of the real estate investment trust’s stock valued at $376,000 after buying an additional 14,856 shares during the last quarter. Sei Investments Co. increased its position in InfraREIT by 1,010.6% in the second quarter. Sei Investments Co. now owns 22,878 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 20,818 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in InfraREIT during the first quarter valued at approximately $418,000. Hedge funds and other institutional investors own 84.01% 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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