Todays Report: Today, Pensionfund DSM Netherlands Continues to Hold Stake in InfraREIT Inc. (HIFR)

Today, Pensionfund DSM Netherlands Continues to Hold Stake in InfraREIT Inc. (HIFR)

Pensionfund DSM Netherlands held its position in InfraREIT Inc. (NYSE:HIFR) during the third quarter, Holdings Channel reports. The fund owned 64,180 shares of the real estate investment trust’s stock at the end of the third quarter. Pensionfund DSM Netherlands owned 0.15% of InfraREIT worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. BlackRock Group LTD boosted its stake in InfraREIT by 2.4% in the first quarter. BlackRock Group LTD now owns 72,541 shares of the real estate investment trust’s stock worth $1,235,000 after buying an additional 1,688 shares in the last quarter. Clinton Group Inc. boosted its stake in InfraREIT by 36.8% in the second quarter. Clinton Group Inc. now owns 15,876 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 4,271 shares in the last quarter. BlackRock Inc. boosted its stake in InfraREIT by 41.4% in the second quarter. BlackRock Inc. now owns 17,527 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 5,129 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in InfraREIT during the second quarter worth about $107,000. Finally, Strs Ohio boosted its stake in InfraREIT by 90.0% in the second quarter. Strs Ohio now owns 13,300 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 6,300 shares in the last quarter. 81.07% of the stock is owned by hedge funds and other institutional investors.

Shares of InfraREIT Inc. (NYSE:HIFR) traded up 0.63% during mid-day trading on Friday, reaching $17.47. 143,085 shares of the company traded hands. The stock has a market capitalization of $764.64 million, a price-to-earnings ratio of 15.31 and a beta of 0.40. InfraREIT Inc. has a 52-week low of $13.61 and a 52-week high of $21.69. The company’s 50 day moving average is $16.79 and its 200 day moving average is $17.46.

InfraREIT (NYSE:HIFR) last announced its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. InfraREIT had a return on equity of 7.51% and a net margin of 29.66%.

A number of research firms recently issued reports on HIFR. Zacks Investment Research cut shares of InfraREIT from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of InfraREIT in a research note on Tuesday, August 16th. Finally, Bank of America Corp. cut shares of InfraREIT from a “buy” rating to a “neutral” rating in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. InfraREIT has a consensus rating of “Buy” and a consensus target price of $21.00.

InfraREIT Company Profile

InfraREIT, Inc is a real estate investment trust. The Company owns electric transmission and distribution (T&D) assets in Texas. Its segment is rate-regulated electric T&D assets. The Company’s T&D 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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