Zacks Investment Research upgraded shares of InfraREIT (NYSE:HIFR) from a sell rating to a hold rating in a research note published on Thursday morning.

According to Zacks, “InfraREIT, Inc. is a real estate investment trust which owns rate regulated electricity delivery infrastructure assets primarily in Texas. The company’s asset consists of Panhandle Assets, Stanton/Brady/Celeste Assets, McAllen Assets, Stanton Transmission Loop Assets and ERCOT Transmission Assets. InfraREIT, Inc. is based in Dallas, United States. “

Several other research analysts have also recently weighed in on HIFR. BidaskClub cut InfraREIT from a hold rating to a sell rating in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a hold rating and issued a $18.00 price objective on shares of InfraREIT in a research report on Thursday, January 11th. Finally, Wolfe Research cut InfraREIT from an outperform rating to a market perform rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, three 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 an average price target of $22.33.

InfraREIT (NYSE:HIFR) opened at $18.62 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.25 and a quick ratio of 0.25. InfraREIT has a 1 year low of $16.00 and a 1 year high of $23.22. The firm has a market capitalization of $815.50, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 2.86 and a beta of 0.44.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 5.37%. InfraREIT’s payout ratio is presently 86.21%.

Several institutional investors and hedge funds have recently modified their holdings of HIFR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of InfraREIT in the third quarter valued at $122,000. Great West Life Assurance Co. Can raised its stake in shares of InfraREIT by 89.6% in the third quarter. Great West Life Assurance Co. Can now owns 5,878 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,778 shares during the period. SG Americas Securities LLC bought a new stake in shares of InfraREIT in the third quarter valued at $174,000. Forsta AP Fonden bought a new stake in shares of InfraREIT in the fourth quarter valued at $190,000. Finally, Principal Financial Group Inc. bought a new stake in shares of InfraREIT in the second quarter valued at $206,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

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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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