American International Group Inc. trimmed its position in InfraREIT Inc (NYSE:HIFR) by 3.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 28,202 shares of the real estate investment trust’s stock after selling 915 shares during the period. American International Group Inc.’s holdings in InfraREIT were worth $591,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new stake in shares of InfraREIT in the first quarter worth approximately $43,000. Advisor Group Inc. lifted its position in shares of InfraREIT by 34.6% in the fourth quarter. Advisor Group Inc. now owns 4,143 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 1,066 shares in the last quarter. Raymond James & Associates lifted its position in shares of InfraREIT by 4.5% in the fourth quarter. Raymond James & Associates now owns 10,951 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 476 shares in the last quarter. Telemetry Investments L.L.C. purchased a new stake in shares of InfraREIT in the fourth quarter worth approximately $326,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of InfraREIT by 212.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,465 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 11,190 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.
NYSE HIFR opened at $21.11 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.28 and a quick ratio of 0.28. InfraREIT Inc has a 52-week low of $20.12 and a 52-week high of $23.34.
InfraREIT (NYSE:HIFR) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $48.57 million during the quarter. InfraREIT had a net margin of 30.77% and a return on equity of 8.81%. As a group, analysts predict that InfraREIT Inc will post 1.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, June 27th.
Separately, ValuEngine lowered shares of InfraREIT from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
InfraREIT Company 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.
Further Reading: Sell-Side Analysts
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