Aperio Group LLC Boosts Stake in InfraREIT Inc (NYSE:HIFR)

Aperio Group LLC grew its holdings in shares of InfraREIT Inc (NYSE:HIFR) by 32.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,058 shares of the real estate investment trust’s stock after acquiring an additional 8,856 shares during the quarter. Aperio Group LLC owned 0.08% of InfraREIT worth $807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virginia Retirement Systems ET AL boosted its holdings in InfraREIT by 4.7% in the second quarter. Virginia Retirement Systems ET AL now owns 26,500 shares of the real estate investment trust’s stock valued at $507,000 after acquiring an additional 1,200 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of 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 valued at $363,000 after buying an additional 2,338 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of InfraREIT by 3.6% during 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 buying an additional 2,600 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of InfraREIT by 22.7% during 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 buying an additional 2,984 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of InfraREIT by 8.4% during 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 buying an additional 3,328 shares in the last quarter. 84.66% of the stock is currently owned by institutional investors.

In related news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $22.43, for a total transaction of $1,796,373.84. Following the completion of the transaction, the insider now directly owns 4,298,306 shares in the company, valued at approximately $96,411,003.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 28.00% of the stock is owned by corporate insiders.

InfraREIT Inc (NYSE HIFR) traded down $0.38 during midday trading on Thursday, hitting $20.40. 174,556 shares of the stock traded hands, compared to its average volume of 183,924. InfraREIT Inc has a 12-month low of $16.00 and a 12-month high of $23.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Thursday, December 28th. InfraREIT’s payout ratio is currently 86.21%.

A number of brokerages have recently commented on HIFR. BidaskClub cut shares of InfraREIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Evercore ISI reiterated an “outperform” rating and issued a $24.00 price target on shares of InfraREIT in a research note on Saturday, September 30th. Zacks Investment Research cut shares of InfraREIT from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 target price on shares of InfraREIT in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.67.

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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.

Institutional Ownership by Quarter for InfraREIT (NYSE:HIFR)

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