Telemetry Investments L.L.C. bought a new stake in shares of InfraREIT Inc (NYSE:HIFR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,500 shares of the real estate investment trust’s stock, valued at approximately $326,000.
Other hedge funds have also made changes to their positions in the company. Advisor Group Inc. boosted its holdings in shares of InfraREIT by 34.6% during the 4th quarter. Advisor Group Inc. now owns 4,143 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 1,066 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of InfraREIT during the 4th quarter valued at $155,000. Raymond James & Associates boosted its holdings in shares of InfraREIT by 4.5% during the 4th quarter. Raymond James & Associates now owns 10,951 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 476 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of InfraREIT by 43.0% during the 3rd quarter. Acadian Asset Management LLC now owns 18,094 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 5,443 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of InfraREIT by 159.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 20,828 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 12,793 shares in the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.
A number of brokerages have recently commented on HIFR. ValuEngine cut shares of InfraREIT from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research cut shares of InfraREIT from a “buy” rating to a “hold” rating in a report on Friday, January 4th.
InfraREIT (NYSE:HIFR) last announced its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. InfraREIT had a net margin of 30.78% and a return on equity of 8.15%. Equities analysts expect that InfraREIT Inc will post 1.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Thursday, March 28th.
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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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