InfraREIT Inc (HIFR) Shares Bought by Ecofin Ltd.

Ecofin Ltd. boosted its stake in InfraREIT Inc (NYSE:HIFR) by 44.0% during the first quarter, Holdings Channel reports. The firm owned 245,094 shares of the real estate investment trust’s stock after buying an additional 74,832 shares during the period. InfraREIT comprises about 1.2% of Ecofin Ltd.’s portfolio, making the stock its 18th largest position. Ecofin Ltd.’s holdings in InfraREIT were worth $4,412,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Menta Capital LLC bought a new stake in shares of InfraREIT during the fourth quarter valued at $1,854,000. BlackRock Investment Management LLC boosted its stake in shares of InfraREIT by 3.1% in the third quarter. BlackRock Investment Management LLC now owns 168,209 shares of the real estate investment trust’s stock valued at $3,051,000 after buying an additional 5,109 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of InfraREIT during the fourth quarter valued at $1,670,000. Pensionfund Sabic boosted its stake in shares of InfraREIT by 6.3% in the first quarter. Pensionfund Sabic now owns 33,720 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 2,000 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of InfraREIT during the fourth quarter valued at $2,967,000. 84.55% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

Shares of InfraREIT Inc (NYSE:HIFR) traded up 0.63% during midday trading on Friday, reaching $19.13. The company’s stock had a trading volume of 168,717 shares. The company has a 50 day moving average price of $18.57 and a 200-day moving average price of $17.50. InfraREIT Inc has a 52 week low of $14.59 and a 52 week high of $19.50. The stock has a market capitalization of $837.47 million, a PE ratio of 16.23 and a beta of 0.44.

InfraREIT (NYSE:HIFR) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $39.62 million for the quarter. InfraREIT had a return on equity of 7.51% and a net margin of 29.66%. On average, equities research analysts expect that InfraREIT Inc will post $1.25 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 20th. Stockholders of record on Friday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.26%. InfraREIT’s dividend payout ratio is currently 88.50%.

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Several brokerages have weighed in on HIFR. Zacks Investment Research cut InfraREIT from a “hold” rating to a “sell” rating in a research note on Friday. Wolfe Research raised InfraREIT from a “market perform” rating to an “outperform” rating in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

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.

12 Month Chart for NYSE:HIFR

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