Advisor Resource Council Invests $1 Million in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Advisor Resource Council purchased a new stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,823 shares of the real estate investment trust's stock, valued at approximately $1,001,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of HA Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after purchasing an additional 4,535,345 shares in the last quarter. Norges Bank bought a new stake in HA Sustainable Infrastructure Capital in the fourth quarter worth $30,557,000. Wellington Management Group LLP boosted its position in HA Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after buying an additional 949,253 shares during the period. Tidal Investments LLC boosted its position in HA Sustainable Infrastructure Capital by 2,466.7% during the fourth quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock valued at $18,762,000 after buying an additional 672,031 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of HA Sustainable Infrastructure Capital by 37.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after buying an additional 602,456 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analyst Ratings Changes

HASI has been the subject of a number of recent research reports. Wall Street Zen lowered HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird lowered their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company began coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

HA Sustainable Infrastructure Capital Trading Up 0.1%

HASI stock traded up $0.03 on Wednesday, reaching $26.51. The company's stock had a trading volume of 2,998,087 shares, compared to its average volume of 1,182,554. The firm has a market cap of $3.21 billion, a PE ratio of 25.49, a PEG ratio of 0.99 and a beta of 1.68. The business has a fifty day simple moving average of $25.87 and a two-hundred day simple moving average of $27.17. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.98 and a 12-month high of $36.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be issued a $0.42 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.68 annualized dividend and a yield of 6.34%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 161.54%.

About HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.