Somewhat Favorable Media Coverage Somewhat Unlikely to Impact InfraREIT (HIFR) Share Price
Media headlines about InfraREIT (NYSE:HIFR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. InfraREIT earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.1274279354926 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms have issued reports on HIFR. BidaskClub lowered InfraREIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Evercore ISI reiterated an “outperform” rating and set a $24.00 price objective on shares of InfraREIT in a research note on Saturday, September 30th. Zacks Investment Research lowered InfraREIT from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Wolfe Research lowered InfraREIT from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. InfraREIT presently has an average rating of “Hold” and a consensus target price of $23.67.
InfraREIT (HIFR) opened at $18.31 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25. InfraREIT has a 12 month low of $16.00 and a 12 month high of $23.22. The stock has a market capitalization of $799.73, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 1.87 and a beta of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 5.46%. InfraREIT’s dividend payout ratio is currently 86.21%.
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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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