InfraREIT (HIFR) Receiving Somewhat Favorable News Coverage, Analysis Finds

News articles about InfraREIT (NYSE:HIFR) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. InfraREIT earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.5843121416492 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

HIFR has been the topic of a number of analyst reports. BidaskClub cut InfraREIT from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 11th. Zacks Investment Research cut InfraREIT from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 price target on shares of InfraREIT in a research note on Wednesday, August 9th. Finally, Evercore ISI reissued an “outperform” rating and set a $24.00 target price on shares of InfraREIT in a research note on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.67.

InfraREIT (HIFR) opened at $21.08 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.90. InfraREIT has a 12 month low of $16.00 and a 12 month high of $23.22.

In other news, major shareholder Insurance & Annuity A. Teachers sold 80,088 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 4,298,306 shares of the company’s stock, valued at $96,411,003.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 28.00% of the stock is currently owned by insiders.

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About InfraREIT

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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