InfraREIT (NYSE:HIFR) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday.
HIFR has been the subject of a number of other reports. BidaskClub lowered shares of InfraREIT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Zacks Investment Research lowered shares of InfraREIT from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, Evercore ISI restated an “outperform” rating and set a $24.00 price objective on shares of InfraREIT in a research note on Saturday, September 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. InfraREIT currently has a consensus rating of “Hold” and a consensus target price of $23.67.
Shares of InfraREIT (NYSE HIFR) traded up $0.25 during trading on Monday, hitting $20.39. 306,700 shares of the company traded hands, compared to its average volume of 183,512. 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 52 week low of $16.00 and a 52 week high of $23.22.
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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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