Traders Sell InfraREIT (HIFR) on Strength After Analyst Downgrade

Investors sold shares of InfraREIT Inc (NYSE:HIFR) on strength during trading on Friday after Wells Fargo & Co lowered their price target on the stock from $22.00 to $21.00. $6.40 million flowed into the stock on the tick-up and $32.26 million flowed out of the stock on the tick-down, for a money net flow of $25.86 million out of the stock. Of all equities tracked, InfraREIT had the 23rd highest net out-flow for the day. InfraREIT traded up $0.04 for the day and closed at $21.03

Separately, ValuEngine raised shares of InfraREIT from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bridgeworth LLC purchased a new position in shares of InfraREIT during the second quarter worth $133,000. SG Americas Securities LLC purchased a new position in shares of InfraREIT during the second quarter worth $140,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of InfraREIT during the second quarter worth $210,000. Raymond James & Associates purchased a new position in shares of InfraREIT during the second quarter worth $230,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of InfraREIT during the first quarter worth $255,000. 84.72% of the stock is owned by institutional investors and hedge funds.

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.28 and a current ratio of 0.28.

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 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 firm had revenue of $47.83 million during the quarter. As a group, research analysts anticipate that InfraREIT Inc will post 1.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Friday, September 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.76%.

InfraREIT Company Profile (NYSE:HIFR)

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.

Further Reading: What does earnings per share mean?

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