Bank of New York Mellon Corp boosted its position in shares of InfraREIT Inc (NYSE:HIFR) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,480 shares of the real estate investment trust’s stock after acquiring an additional 6,382 shares during the period. Bank of New York Mellon Corp’s holdings in InfraREIT were worth $8,214,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of InfraREIT by 7.7% during the 2nd quarter. Rhumbline Advisers now owns 52,547 shares of the real estate investment trust’s stock worth $1,165,000 after purchasing an additional 3,746 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of InfraREIT during the 2nd quarter worth about $275,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of InfraREIT during the 2nd quarter worth about $210,000. Aperio Group LLC boosted its stake in shares of InfraREIT by 14.6% during the 2nd quarter. Aperio Group LLC now owns 40,699 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 5,182 shares during the last quarter. Finally, Aurora Investment Counsel acquired a new stake in shares of InfraREIT during the 2nd quarter worth about $2,180,000. Institutional investors own 84.69% of the company’s stock.
Separately, ValuEngine raised shares of InfraREIT from a “hold” rating to a “buy” rating in a research note on Wednesday, July 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.00.
InfraREIT stock opened at $20.94 on Friday. InfraREIT Inc has a 12-month low of $17.60 and a 12-month high of $23.22. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.92.
InfraREIT (NYSE:HIFR) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $47.83 million for the quarter. equities analysts expect that InfraREIT Inc will post 1.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.78%.
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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