Somewhat Favorable Press Coverage Somewhat Unlikely to Impact InfraREIT (NYSE:HIFR) Stock Price
News articles about InfraREIT (NYSE:HIFR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. InfraREIT earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.3439870393615 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
HIFR has been the topic of several recent analyst reports. Zacks Investment Research lowered InfraREIT from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. Wolfe Research raised InfraREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, April 24th. BidaskClub raised InfraREIT from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 price objective on shares of InfraREIT in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.50.
InfraREIT (NYSE:HIFR) opened at 21.06 on Friday. The firm has a 50-day moving average price of $20.42 and a 200-day moving average price of $18.68. InfraREIT has a 1-year low of $14.59 and a 1-year high of $23.12. The firm has a market cap of $921.96 million, a price-to-earnings ratio of 17.71 and a beta of 0.49.
InfraREIT (NYSE:HIFR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ 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%. On average, analysts expect that InfraREIT will post $1.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Wednesday, June 28th. InfraREIT’s dividend payout ratio is presently 83.33%.
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 transaction of $989,500.00. Following the sale, the insider now owns 5,526,235 shares of the company’s stock, valued at approximately $109,364,190.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Insurance & Annuity A. Teachers sold 209,582 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 5,223,153 shares in the company, valued at approximately $110,678,612.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 853,841 shares of company stock worth $18,376,891. Company insiders own 28.00% of the company’s stock.
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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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