Miller Howard Investments Inc. NY Cuts Stake in InfraREIT Inc (HIFR)

Miller Howard Investments Inc. NY decreased its stake in shares of InfraREIT Inc (NYSE:HIFR) by 12.1% during the third quarter, HoldingsChannel reports. The firm owned 79,142 shares of the real estate investment trust’s stock after selling 10,908 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in InfraREIT were worth $1,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in InfraREIT during the 2nd quarter valued at about $531,000. United Services Automobile Association lifted its position in InfraREIT by 63.8% during the 2nd quarter. United Services Automobile Association now owns 105,033 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 40,918 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in InfraREIT by 4.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 193,525 shares of the real estate investment trust’s stock valued at $4,290,000 after acquiring an additional 7,425 shares during the period. FMR LLC lifted its position in InfraREIT by 230.1% during the 2nd quarter. FMR LLC now owns 2,018,080 shares of the real estate investment trust’s stock valued at $44,741,000 after acquiring an additional 1,406,778 shares during the period. Finally, Millennium Management LLC lifted its position in InfraREIT by 121.8% during the 1st quarter. Millennium Management LLC now owns 228,967 shares of the real estate investment trust’s stock valued at $4,449,000 after acquiring an additional 125,752 shares during the period. 84.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HIFR opened at $20.96 on Wednesday. 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 1 year low of $17.60 and a 1 year high of $22.84.

InfraREIT (NYSE:HIFR) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $47.83 million during the quarter. InfraREIT had a net margin of 18.41% and a return on equity of 9.13%. On average, equities analysts forecast that InfraREIT Inc will post 1.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Friday, September 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a yield of 4.77%.

A number of research analysts recently issued reports on HIFR shares. ValuEngine cut shares of InfraREIT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Wells Fargo & Co lowered their price target on shares of InfraREIT from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, October 19th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.50.

InfraREIT Profile

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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Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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