Brokerages forecast that InfraREIT, Inc. (NYSE:HIFR) will post $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for InfraREIT’s earnings. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that InfraREIT will report full year earnings of $1.40 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $1.50 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow InfraREIT.

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

Several research analysts have weighed in on the company. BidaskClub cut InfraREIT from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, July 26th. Finally, Wolfe Research upgraded InfraREIT from a “market perform” rating to an “outperform” rating in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.00.

In related news, major shareholder Insurance & Annuity A. Teachers sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 5,526,235 shares in the company, valued at $109,364,190.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Insurance & Annuity A. Teachers sold 54,964 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $21.11, for a total value of $1,160,290.04. Following the completion of the transaction, the insider now owns 4,722,394 shares in the company, valued at approximately $99,689,737.34. 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. 28.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of HIFR. State Street Corp boosted its position in shares of InfraREIT by 9.1% in the fourth quarter. State Street Corp now owns 712,495 shares of the real estate investment trust’s stock worth $12,762,000 after buying an additional 59,572 shares during the last quarter. Norges Bank bought a new position in shares of InfraREIT during the fourth quarter worth approximately $5,838,000. Bank of Montreal Can boosted its position in shares of InfraREIT by 1.7% in the first quarter. Bank of Montreal Can now owns 45,495 shares of the real estate investment trust’s stock worth $819,000 after buying an additional 768 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in shares of InfraREIT by 4.6% in the first quarter. Miller Howard Investments Inc. NY now owns 215,602 shares of the real estate investment trust’s stock worth $3,881,000 after buying an additional 9,549 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of InfraREIT by 2.7% in the first quarter. Wells Fargo & Company MN now owns 516,700 shares of the real estate investment trust’s stock worth $9,301,000 after buying an additional 13,750 shares during the last quarter. Institutional investors own 84.01% of the company’s stock.

Shares of InfraREIT (NYSE:HIFR) traded down 0.67% during midday trading on Monday, reaching $20.79. 35,630 shares of the company’s stock traded hands. The stock has a 50 day moving average of $20.13 and a 200-day moving average of $18.49. The stock has a market cap of $910.12 million, a price-to-earnings ratio of 17.49 and a beta of 0.49. InfraREIT has a 52-week low of $14.59 and a 52-week high of $23.12.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Friday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Wednesday, June 28th. InfraREIT’s payout ratio is currently 83.33%.

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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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