Water Island Capital LLC boosted its position in InfraREIT Inc (NYSE:HIFR) by 45.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,822,688 shares of the real estate investment trust’s stock after acquiring an additional 569,889 shares during the quarter. InfraREIT accounts for 2.3% of Water Island Capital LLC’s investment portfolio, making the stock its 19th biggest position. Water Island Capital LLC’s holdings in InfraREIT were worth $38,222,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new position in shares of InfraREIT during the first quarter worth approximately $43,000. Advisor Group Inc. lifted its position in InfraREIT by 34.6% in the fourth 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 during the period. Quantamental Technologies LLC acquired a new stake in InfraREIT in the fourth quarter worth approximately $155,000. Raymond James & Associates lifted its position in InfraREIT by 4.5% in the fourth 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 during the period. Finally, Telemetry Investments L.L.C. acquired a new stake in InfraREIT in the fourth quarter worth approximately $326,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.
Separately, ValuEngine downgraded InfraREIT from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
InfraREIT (NYSE:HIFR) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. InfraREIT had a return on equity of 8.81% and a net margin of 30.77%. The company had revenue of $48.57 million during the quarter. As a group, equities research analysts anticipate that InfraREIT Inc will post 1.4 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, March 29th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%.
InfraREIT Company Profile
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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