InfraREIT Inc (NYSE:HIFR) had declared a cash dividend of $0.2500 on Sep 16, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 16, 2016 share price, the yield comes out to be 5.4083%. The dividend payable date has been fixed on Oct 20, 2016.
InfraREIT Inc (HIFR) made into the market gainers list on Thursdays trading session with the shares advancing 1.01% or 0.19 points. Due to strong positive momentum, the stock ended at $18.92, which is also near the day’s high of $18.94. The stock began the session at $18.75 and the volume stood at 2,10,280 shares. The 52-week high of the shares is $27.07 and the 52 week low is $13.61. The company has a current market capitalization of $828 M and it has 4,37,64,471 shares in outstanding.
InfraREIT Inc(HIFR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $33.78M. Analysts had an estimated revenue of $171.65M. Earnings per share were $0.30.
Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Hunter Hunt (director 10% owner) sold 3,142,378 shares at $0.00 per share price.Also, On Jul 11, 2016, Consolidated, Inc. Hunt (10% owner) sold 3,142,378 shares at $0.00 per share price.On Dec 9, 2015, John A. Gates (director) purchased 7,500 shares at $20.30 per share price, according to the Form-4 filing with the securities and exchange commission.
InfraREIT Inc. is an externally managed real estate investment trust (REIT). The Company owns rate-regulated electric transmission and distribution (T&D) assets such as power lines substations transmission towers distribution poles transformers and related property and assets in Texas. Its T&D assets are located throughout Texas including Panhandle Assets Stanton/Brady/Celeste Assets McAllen Assets Stanton Transmission Loop Assets and ERCOT Transmission Assets. The Company leases its T&D assets to Sharyland Utilities L.P. (Sharyland) an electric utility. The Company’s T&D assets are owned by its subsidiary Sharyland Distribution and Transmission Services L.L.C. (SDTS) and SDTS’s wholly owned subsidiaries Sharyland Projects L.L.C. (SPLLC) and SDTS FERC L.L.C. (SDTS FERC). The Company’s tenant Sharyland is a regulated utility and serves over 50000 electricity delivery points in 29 counties throughout Texas. The Company is externally managed by Hunt Manager.