The stock of InfraREIT Inc (NYSE:HIFR) is a huge mover today! The stock decreased 2.56% or $0.45 on October 5, hitting $17.13. InfraREIT Inc (NYSE:HIFR) has declined 11.74% since March 2, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.
The move comes after 6 months negative chart setup for the $1.04 billion company. It was reported on Oct, 6 by Barchart.com. We have $16.10 PT which if reached, will make NYSE:HIFR worth $62.40 million less.
Analysts await InfraREIT Inc (NYSE:HIFR) to report earnings on November, 4.
InfraREIT Inc (NYSE:HIFR) Ratings Coverage
Out of 2 analysts covering InfraREIT Inc (NYSE:HIFR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. InfraREIT Inc has been the topic of 2 analyst reports since January 7, 2016 according to StockzIntelligence Inc. Macquarie Research maintained the shares of HIFR in a report on Monday, March 7 with “Outperform” rating.
According to Zacks Investment Research, “InfraREIT, Inc. is a real estate investment trust which owns rate regulated electricity delivery infrastructure assets primarily in Texas. The company’s asset consists of Panhandle Assets, Stanton/Brady/Celeste Assets, McAllen Assets, Stanton Transmission Loop Assets and ERCOT Transmission Assets. InfraREIT, Inc. is based in Dallas, United States.”
More important recent InfraREIT Inc (NYSE:HIFR) news were published by: Prnewswire.com which released: “InfraREIT Comments on Threshold Issues in Sharyland Utilities Rate Case” on August 30, 2016, also Prnewswire.com published article titled: “InfraREIT, Inc. Announces Quarterly Dividend”, Quotes.Wsj.com published: “InfraREIT Inc. HIFR (US: NYSE)” on January 26, 2015. More interesting news about InfraREIT Inc (NYSE:HIFR) was released by: Prnewswire.com and their article: “InfraREIT to Present at the Wolfe Research 2016 Power & Gas Leaders Conference” with publication date: September 06, 2016.
HIFR Company Profile
InfraREIT, Inc., incorporated on September 29, 2014, is a real estate investment trust (REIT). The Firm owns electric transmission and distribution (T&D) assets in Texas. The Company’s segment is rate-regulated electric T&D assets. The Company’s T&D 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. The Company’s T&D assets consist of approximately 53,000 electricity delivery points, over 670 miles of transmission lines, approximately 12,300 miles of distribution lines, over 50 substations and a 300 megawatt (MW) high-voltage direct current (DC) Tie between Texas and Mexico (Railroad DC Tie).
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