Equities research analysts predict that InfraREIT Inc (NYSE:HIFR) will post $0.20 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for InfraREIT’s earnings. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that InfraREIT will report full year earnings of $1.30 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $1.37 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover InfraREIT.
A number of research analysts recently issued reports on HIFR shares. Zacks Investment Research raised InfraREIT from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine cut InfraREIT from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Wolfe Research cut InfraREIT from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $18.00 price target on shares of InfraREIT in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. InfraREIT has a consensus rating of “Hold” and a consensus price target of $22.33.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.01%. InfraREIT’s dividend payout ratio is 357.14%.
Several institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its holdings in InfraREIT by 72.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 74,488 shares of the real estate investment trust’s stock worth $1,426,000 after purchasing an additional 31,357 shares during the last quarter. Voya Investment Management LLC raised its holdings in InfraREIT by 14.1% during the 2nd quarter. Voya Investment Management LLC now owns 18,977 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 2,338 shares during the last quarter. State Street Corp raised its holdings in InfraREIT by 10.8% during the 2nd quarter. State Street Corp now owns 871,997 shares of the real estate investment trust’s stock worth $16,697,000 after purchasing an additional 84,696 shares during the last quarter. Nationwide Fund Advisors raised its holdings in InfraREIT by 42.0% during the 3rd quarter. Nationwide Fund Advisors now owns 154,658 shares of the real estate investment trust’s stock worth $3,460,000 after purchasing an additional 45,707 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in InfraREIT during the 3rd quarter worth about $231,000. 87.11% of the stock is owned by institutional investors and hedge funds.
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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.
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