InfraREIT, Inc. (NYSE:HIFR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised InfraREIT from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price target on shares of InfraREIT in a research report on Wednesday, August 9th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $24.00 price target on shares of InfraREIT in a research report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.67.

InfraREIT (NYSE:HIFR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). InfraREIT had a net margin of 28.31% and a return on equity of 6.28%. The firm had revenue of $40.42 million for the quarter.

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In related news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the stock in a transaction dated 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 sale, the insider now owns 4,298,306 shares of the company’s stock, valued at approximately $96,411,003.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Insurance & Annuity A. Teachers sold 44,000 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $22.35, for a total value of $983,400.00. Following the sale, the insider now directly owns 4,378,394 shares in the company, valued at approximately $97,857,105.90. The disclosure for this sale can be found here. Insiders have sold a total of 424,088 shares of company stock worth $9,397,774 in the last three months. 28.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. increased its stake in InfraREIT by 20.6% in the 3rd quarter. American Century Companies Inc. now owns 129,430 shares of the real estate investment trust’s stock worth $2,895,000 after acquiring an additional 22,090 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in InfraREIT in the 3rd quarter worth about $122,000. Heartland Advisors Inc. bought a new position in InfraREIT in the 3rd quarter worth about $2,161,000. Aperio Group LLC increased its stake in InfraREIT by 32.6% in the 3rd quarter. Aperio Group LLC now owns 36,058 shares of the real estate investment trust’s stock worth $807,000 after acquiring an additional 8,856 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in InfraREIT in the 3rd quarter worth about $231,000. Institutional investors and hedge funds own 84.25% of the company’s stock.

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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