State Board of Administration of Florida Retirement System lessened its stake in shares of InfraREIT Inc (NYSE:HIFR) by 29.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,915 shares of the real estate investment trust’s stock after selling 4,188 shares during the period. State Board of Administration of Florida Retirement System’s holdings in InfraREIT were worth $220,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group bought a new position in shares of InfraREIT in the first quarter worth about $174,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of InfraREIT in the second quarter worth about $210,000. Xact Kapitalforvaltning AB bought a new position in shares of InfraREIT in the first quarter worth about $255,000. Susquehanna Fundamental Investments LLC bought a new position in shares of InfraREIT in the first quarter worth about $264,000. Finally, Matarin Capital Management LLC bought a new position in shares of InfraREIT in the first quarter worth about $269,000. 84.76% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on HIFR. ValuEngine raised InfraREIT from a “hold” rating to a “buy” rating in a research note on Wednesday, July 4th. Zacks Investment Research raised 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 assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.00.
NYSE HIFR opened at $20.97 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.28 and a quick ratio of 0.28. InfraREIT Inc has a twelve month low of $17.60 and a twelve month high of $23.22.
InfraREIT (NYSE:HIFR) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $47.83 million during the quarter. InfraREIT had a return on equity of 9.13% and a net margin of 18.41%. equities analysts anticipate that InfraREIT Inc will post 1.28 EPS for the current fiscal year.
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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