InfraREIT (HIFR) has risen sharply, recording gains of 3.7% in the past 4 weeks. However, the stock has corrected -2.58% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 3.04%.The 200 Day SMA reached 5.31% InfraREIT, Inc. is up 9.55% in the last 3-month period. Year-to-Date the stock performance stands at 3.05%.
InfraREIT (HIFR) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $14. The average forecast of all the analysts is $18 and the expected standard deviation is $5.66.
For the current week, the company shares have a recommendation consensus of Buy. InfraREIT (NYSE:HIFR): stock was range-bound between the intraday low of $18.33 and the intraday high of $18.8 after having opened at $18.7 on Fridays session. The stock finally closed in the red at $18.7, a loss of -0.86%. The stock remained in the red for the whole trading day. The total traded volume was 961,663 shares. The stock failed to cross $18.8 in Fridays trading. The stocks closing price on Thursday was $18.49.
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 Companys T&D assets are owned by its subsidiary Sharyland Distribution and Transmission Services, L.L.C. (SDTS) and SDTSs wholly owned subsidiaries, Sharyland Projects, L.L.C. (SPLLC) and SDTS FERC, L.L.C. (SDTS FERC). The Companys tenant, Sharyland, is a regulated utility and serves over 50,000 electricity delivery points in 29 counties throughout Texas. The Company is externally managed by Hunt Manager.