InfraREIT, Inc. (HIFR) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for HIFR as the stock is now up around 3% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, although the company has not seen any negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HIFR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the REIT equity trust other sector is Getty Realty Corp. (GTY), which currently carries a Zacks Rank #1 (Strong Buy).
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