Favorable Media Coverage Somewhat Unlikely to Affect InfraREIT (HIFR) Stock Price
Media stories about InfraREIT (NYSE:HIFR) have been trending positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. InfraREIT earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.3334459671766 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts have weighed in on HIFR shares. Wolfe Research downgraded InfraREIT from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research downgraded InfraREIT from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. BidaskClub downgraded InfraREIT from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $18.00 price target on shares of InfraREIT in a research report on Thursday, January 11th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $24.00 price target on shares of InfraREIT in a research report on Saturday, September 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. InfraREIT presently has an average rating of “Hold” and an average price target of $22.33.
Shares of InfraREIT (NYSE HIFR) opened at $18.33 on Wednesday. The company has a market capitalization of $779.15, a P/E ratio of 15.80, a PEG ratio of 1.71 and a beta of 0.43. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90. InfraREIT has a twelve month low of $16.00 and a twelve month high of $23.22.
InfraREIT (NYSE:HIFR) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). InfraREIT had a net margin of 27.06% and a return on equity of 6.46%. analysts forecast that InfraREIT will post 1.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Thursday, December 28th. InfraREIT’s payout ratio is presently 86.21%.
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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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