Raymond James Financial Services Advisors Inc. lowered its holdings in InfraREIT Inc (NYSE:HIFR) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,886 shares of the real estate investment trust’s stock after selling 2,958 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in InfraREIT were worth $606,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in InfraREIT by 40.0% during the fourth quarter. California Public Employees Retirement System now owns 46,140 shares of the real estate investment trust’s stock valued at $970,000 after purchasing an additional 13,180 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in InfraREIT by 22.5% in the first quarter. IndexIQ Advisors LLC now owns 264,486 shares of the real estate investment trust’s stock valued at $5,546,000 after acquiring an additional 48,535 shares during the last quarter. Legal & General Group Plc lifted its stake in InfraREIT by 7.8% in the fourth quarter. Legal & General Group Plc now owns 199,930 shares of the real estate investment trust’s stock valued at $4,202,000 after acquiring an additional 14,496 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in InfraREIT in the fourth quarter valued at approximately $2,123,000. Finally, Sand Grove Capital Management LLP acquired a new stake in InfraREIT in the fourth quarter valued at approximately $31,613,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.
NYSE HIFR opened at $21.11 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.89. InfraREIT Inc has a 12-month low of $20.12 and a 12-month high of $23.34.
InfraREIT (NYSE:HIFR) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. InfraREIT had a net margin of 30.77% and a return on equity of 8.81%. The business had revenue of $48.57 million during the quarter. Sell-side analysts anticipate that InfraREIT Inc will post 1.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, June 27th.
Separately, ValuEngine cut shares of InfraREIT from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.
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InfraREIT is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. The Company is externally managed by Hunt Utility Services, LLC, an affiliate of Hunt Consolidated, Inc (a diversified holding company based in Dallas, Texas, and managed by the Ray L.
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