InfraREIT Inc (NYSE:HIFR) declared a quarterly dividend on Tuesday, February 28th. Investors of record on Friday, March 31st will be paid a dividend of 0.25 per share by the real estate investment trust on Thursday, April 20th. This represents a $1.00 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Wednesday, March 29th.
InfraREIT (NYSE:HIFR) traded down 0.249% during mid-day trading on Thursday, reaching $18.045. The company’s stock had a trading volume of 189,563 shares. The stock has a market cap of $789.92 million, a P/E ratio of 15.829 and a beta of 0.44. The firm’s 50 day moving average is $17.62 and its 200-day moving average is $17.19. InfraREIT has a one year low of $14.59 and a one year high of $19.51.
InfraREIT (NYSE:HIFR) last issued its quarterly earnings results on Tuesday, February 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. InfraREIT had a return on equity of 7.51% and a net margin of 29.66%. The business had revenue of $55.23 million for the quarter, compared to analyst estimates of $65.43 million. Equities analysts expect that InfraREIT will post $1.25 earnings per share for the current fiscal year.
HIFR has been the subject of several recent analyst reports. Royal Bank of Canada cut shares of InfraREIT from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $20.00 to $19.00 in a research note on Wednesday, January 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of InfraREIT from a “hold” rating to a “sell” rating in a report on Wednesday, March 22nd.
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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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