Vanguard Group Inc. raised its position in InfraREIT, Inc. (NYSE:HIFR) by 6.1% during the first quarter, Holdings Channel reports. The firm owned 2,729,325 shares of the real estate investment trust’s stock after buying an additional 157,236 shares during the period. Vanguard Group Inc. owned approximately 0.06% of InfraREIT worth $49,128,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of InfraREIT by 1.3% in the first quarter. Meeder Asset Management Inc. now owns 24,752 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 325 shares during the last quarter. Bank of Montreal Can raised its stake 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 valued at $819,000 after buying an additional 768 shares during the last quarter. Clinton Group Inc. raised its stake in shares of 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. American International Group Inc. raised its stake in shares of InfraREIT by 7.1% in the first quarter. American International Group Inc. now owns 24,535 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 1,623 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of InfraREIT by 8.4% in the first quarter. Parametric Portfolio Associates LLC now owns 43,131 shares of the real estate investment trust’s stock valued at $776,000 after buying an additional 3,328 shares during the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

InfraREIT, Inc. (NYSE:HIFR) traded down 0.121% during mid-day trading on Friday, hitting $20.675. The company had a trading volume of 69,265 shares. The company has a market capitalization of $905.11 million, a price-to-earnings ratio of 17.389 and a beta of 0.49. The firm’s 50 day moving average is $20.38 and its 200 day moving average is $18.65. InfraREIT, Inc. has a 52 week low of $14.59 and a 52 week high of $23.12.

InfraREIT (NYSE:HIFR) last released 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 Zacks’ consensus estimate of $0.32 by $0.12. The firm had revenue of $40.42 million during the quarter. InfraREIT had a return on equity of 6.28% and a net margin of 28.31%. On average, equities research analysts predict that InfraREIT, Inc. will post $1.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Friday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.83%. InfraREIT’s dividend payout ratio (DPR) is currently 83.33%.

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Several analysts have issued reports on the company. 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 research note on Wednesday, July 26th. BidaskClub lowered InfraREIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 target price on shares of InfraREIT in a research note on Wednesday. Finally, Wolfe Research upgraded InfraREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, April 24th. Two 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 price target of $23.50.

In related news, major shareholder Insurance & Annuity A. Teachers sold 65,336 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $19.72, for a total value of $1,288,425.92. Following the transaction, the insider now directly owns 5,398,153 shares of the company’s stock, valued at approximately $106,451,577.16. The sale was disclosed in a legal filing with the SEC, which is available 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 directly owns 4,722,394 shares in the company, valued at $99,689,737.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 853,841 shares of company stock worth $18,376,891. Company insiders own 28.00% of the company’s stock.

InfraREIT Company Profile

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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