InfraREIT, Inc. (HIFR) Shares Bought by State Street Corp

State Street Corp boosted its stake in InfraREIT, Inc. (NYSE:HIFR) by 10.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 871,997 shares of the real estate investment trust’s stock after acquiring an additional 84,696 shares during the quarter. State Street Corp owned 1.99% of InfraREIT worth $16,697,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in HIFR. Virginia Retirement Systems ET AL lifted its holdings in InfraREIT by 4.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 26,500 shares of the real estate investment trust’s stock valued at $507,000 after purchasing an additional 1,200 shares in the last quarter. Voya Investment Management LLC lifted its holdings in InfraREIT by 14.1% in the 2nd quarter. Voya Investment Management LLC now owns 18,977 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 2,338 shares in the last quarter. Bessemer Group Inc. lifted its holdings in InfraREIT by 3.6% in the 2nd quarter. Bessemer Group Inc. now owns 75,200 shares of the real estate investment trust’s stock valued at $1,440,000 after purchasing an additional 2,600 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in InfraREIT by 22.7% in the 2nd quarter. Tudor Investment Corp ET AL now owns 16,128 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 2,984 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in InfraREIT by 8.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 43,131 shares of the real estate investment trust’s stock valued at $776,000 after purchasing an additional 3,328 shares in the last quarter. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on HIFR. Zacks Investment Research upgraded InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 26th. BidaskClub lowered InfraREIT from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 price target on shares of InfraREIT in a report on Wednesday, August 9th. Finally, Evercore ISI reiterated an “outperform” rating and set a $24.00 price target on shares of InfraREIT in a report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.67.

InfraREIT, Inc. (HIFR) opened at $20.98 on Tuesday. InfraREIT, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $23.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25.

In related news, major shareholder Insurance & Annuity A. Teachers sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $21.98, for a total value of $3,297,000.00. Following the sale, the insider now directly owns 4,572,394 shares in the company, valued at approximately $100,501,220.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.43, for a total transaction of $1,796,373.84. Following the completion of the sale, the insider now owns 4,298,306 shares in the company, valued at $96,411,003.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 424,088 shares of company stock worth $9,397,774. Insiders own 28.00% of the company’s stock.

InfraREIT 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.

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Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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