InfraREIT (HIFR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

InfraREIT (NYSE:HIFR) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02, Bloomberg Earnings reports. InfraREIT had a return on equity of 8.22% and a net margin of 12.25%. The business had revenue of $47.83 million during the quarter.

InfraREIT traded down $0.12, reaching $21.18, during midday trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 2,165 shares, compared to its average volume of 136,872. InfraREIT has a 12-month low of $17.60 and a 12-month high of $23.22. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.93.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 19th. Investors of record on Friday, June 29th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%.

Several research firms have recently commented on HIFR. ValuEngine lowered InfraREIT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded InfraREIT from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.00.

Large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group purchased a new position in InfraREIT in the first quarter valued at $174,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in InfraREIT in the second quarter valued at $210,000. Xact Kapitalforvaltning AB purchased a new position in InfraREIT in the first quarter valued at $255,000. Susquehanna Fundamental Investments LLC purchased a new position in InfraREIT in the first quarter valued at $264,000. Finally, Matarin Capital Management LLC purchased a new position in InfraREIT in the first quarter valued at $269,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

About InfraREIT

InfraREIT is a real estate investment trust that is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas. 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.

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Earnings History for InfraREIT (NYSE:HIFR)

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