Northern Trust Corp boosted its holdings in InfraREIT, Inc. (NYSE:HIFR) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,166 shares of the real estate investment trust’s stock after buying an additional 18,038 shares during the quarter. Northern Trust Corp owned approximately 1.06% of InfraREIT worth $8,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New York State Common Retirement Fund raised its holdings in InfraREIT by 12.7% in the 2nd quarter. New York State Common Retirement Fund now owns 46,000 shares of the real estate investment trust’s stock valued at $881,000 after buying an additional 5,199 shares during the last quarter. Magellan Asset Management Ltd bought a new position in InfraREIT in the 2nd quarter valued at approximately $439,000. Thrivent Financial For Lutherans raised its holdings in InfraREIT by 50.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 225,331 shares of the real estate investment trust’s stock valued at $4,315,000 after buying an additional 75,851 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in InfraREIT by 77,669.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 22,553 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 22,524 shares during the last quarter. Finally, Nationwide Fund Advisors raised its holdings in InfraREIT by 33.8% in the 2nd quarter. Nationwide Fund Advisors now owns 108,951 shares of the real estate investment trust’s stock valued at $2,086,000 after buying an additional 27,544 shares during the last quarter. Institutional investors and hedge funds own 84.35% of the company’s stock.

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A number of research analysts recently issued reports on HIFR shares. BidaskClub upgraded shares of InfraREIT from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of InfraREIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 price objective on shares of InfraREIT in a report on Wednesday, August 9th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $24.00 price objective on shares of InfraREIT in a report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. InfraREIT has an average rating of “Hold” and an average price target of $23.67.

In other InfraREIT news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $22.43, for a total transaction of $1,796,373.84. Following the completion of the sale, the insider now owns 4,298,306 shares of the company’s stock, valued at approximately $96,411,003.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Insurance & Annuity A. Teachers sold 150,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $22.14, for a total transaction of $3,321,000.00. Following the sale, the insider now directly owns 4,422,394 shares of the company’s stock, valued at approximately $97,911,803.16. The disclosure for this sale can be found here. Insiders have sold a total of 424,088 shares of company stock valued at $9,397,774 in the last three months. Insiders own 28.00% of the company’s stock.

Shares of InfraREIT, Inc. (NYSE HIFR) opened at $21.58 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.25 and a quick ratio of 0.25. InfraREIT, Inc. has a 52-week low of $16.00 and a 52-week high of $23.22.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Friday, September 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Thursday, September 28th. InfraREIT’s dividend payout ratio is presently 86.21%.

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.

Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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