Macquarie Group Ltd. trimmed its holdings in shares of InfraREIT Inc (NYSE:HIFR) by 41.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,800 shares of the real estate investment trust’s stock after selling 4,800 shares during the quarter. Macquarie Group Ltd.’s holdings in InfraREIT were worth $143,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of HIFR. Advisor Group Inc. increased its stake in InfraREIT by 34.6% during the 4th quarter. Advisor Group Inc. now owns 4,143 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 1,066 shares in the last quarter. Quantamental Technologies LLC bought a new stake in InfraREIT during the 4th quarter worth approximately $155,000. Raymond James & Associates increased its stake in InfraREIT by 4.5% during the 4th quarter. Raymond James & Associates now owns 10,951 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 476 shares in the last quarter. Telemetry Investments L.L.C. bought a new stake in InfraREIT during the 4th quarter worth approximately $326,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in InfraREIT by 212.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,465 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 11,190 shares in the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on HIFR shares. ValuEngine cut InfraREIT from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research cut InfraREIT from a “buy” rating to a “hold” rating in a research note on Friday, January 4th.
InfraREIT (NYSE:HIFR) last issued its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. InfraREIT had a net margin of 30.78% and a return on equity of 8.15%. On average, sell-side analysts forecast that InfraREIT Inc will post 1.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 4.76%.
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InfraREIT is engaged in owning and leasing rate-regulated electric transmission assets in the state of Texas and is structured as a real estate investment trust. 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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