Cbre Investment Management Listed Real Assets LLC Makes New Investment in XPLR Infrastructure, LP $XIFR

Key Points

• CBRE Investment Management Listed Real Assets LLC purchased 794,852 shares of XPLR Infrastructure (~$8.08M) in Q3, representing about 0.85% ownership per its latest 13F filing.
• XPLR beat EPS estimates (reported $0.30 vs. -$0.57 expected) but revenue fell 15.3% year-over-year and the company still posts a negative net margin and a negative P/E.
• Institutional ownership is high at 66.01%, while analyst sentiment is mixed-to-negative with an average rating of "Reduce" and a consensus price target of $12.33.

Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 794,852 shares of the solar energy provider's stock, valued at approximately $8,084,000. Cbre Investment Management Listed Real Assets LLC owned 0.85% of XPLR Infrastructure as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XIFR. Nomura Holdings Inc. purchased a new stake in shares of XPLR Infrastructure during the second quarter worth about $46,948,000. Apollo Management Holdings L.P. purchased a new position in XPLR Infrastructure in the 2nd quarter worth approximately $40,853,000. ING Groep NV purchased a new position in XPLR Infrastructure in the 3rd quarter worth approximately $20,340,000. MUFG Securities EMEA plc bought a new position in XPLR Infrastructure in the 2nd quarter worth approximately $16,400,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in XPLR Infrastructure in the 3rd quarter worth approximately $11,096,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Up 1.7%

XIFR opened at $10.61 on Thursday. The stock has a 50-day moving average of $10.29 and a 200 day moving average of $9.97. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. XPLR Infrastructure, LP has a 12 month low of $7.53 and a 12 month high of $11.43. The firm has a market cap of $997.40 million, a P/E ratio of -34.24 and a beta of 1.01.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business's revenue was down 15.3% on a year-over-year basis. As a group, research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Analysts Set New Price Targets

XIFR has been the topic of several recent analyst reports. Evercore reiterated a "hold" rating and set a $10.80 price objective on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Barclays upped their target price on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Sunday, February 22nd. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Finally, Morgan Stanley decreased their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $12.33.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

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