InfraREIT Inc (HIFR) Shares Bought by Covalis Capital LLP

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Covalis Capital LLP grew its stake in InfraREIT Inc (NYSE:HIFR) by 18.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,362 shares of the real estate investment trust’s stock after acquiring an additional 11,476 shares during the period. InfraREIT accounts for approximately 0.8% of Covalis Capital LLP’s investment portfolio, making the stock its 19th biggest holding. Covalis Capital LLP’s holdings in InfraREIT were worth $1,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of InfraREIT by 25.6% in the 2nd quarter. Renaissance Technologies LLC now owns 104,500 shares of the real estate investment trust’s stock valued at $2,317,000 after acquiring an additional 21,300 shares in the last quarter. United Services Automobile Association increased its stake in shares of InfraREIT by 63.8% in the 2nd quarter. United Services Automobile Association now owns 105,033 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 40,918 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of InfraREIT by 335.2% in the 2nd quarter. Citadel Advisors LLC now owns 73,755 shares of the real estate investment trust’s stock valued at $1,635,000 after acquiring an additional 56,809 shares in the last quarter. FMR LLC increased its stake in shares of InfraREIT by 230.1% in the 2nd quarter. FMR LLC now owns 2,018,080 shares of the real estate investment trust’s stock valued at $44,741,000 after acquiring an additional 1,406,778 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of InfraREIT by 18.4% in the 2nd quarter. Legal & General Group Plc now owns 183,613 shares of the real estate investment trust’s stock valued at $4,071,000 after acquiring an additional 28,590 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

NYSE HIFR opened at $20.73 on Wednesday. InfraREIT Inc has a 12-month low of $17.60 and a 12-month high of $23.22. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.28 and a current ratio of 0.28.

InfraREIT (NYSE:HIFR) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. InfraREIT had a net margin of 18.41% and a return on equity of 9.13%. The business had revenue of $47.83 million during the quarter. sell-side analysts anticipate that InfraREIT Inc will post 1.28 EPS for the current fiscal year.

HIFR has been the subject of several research analyst reports. ValuEngine lowered shares of InfraREIT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Zacks Investment Research upgraded shares of InfraREIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.00.

About InfraREIT

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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Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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