Abel Hall LLC Purchases Shares of 11,963 HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Abel Hall LLC acquired 11,963 shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI), valued at approximately $321,000, in the second quarter.
• Analysts have a generally positive outlook for HA Sustainable Infrastructure Capital, with seven giving a Buy rating and an average target price of $38.13.
• The company announced a quarterly dividend of $0.42, translating to an annualized yield of 5.5%, with the next payment scheduled for October 17th.

Abel Hall LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,963 shares of the real estate investment trust's stock, valued at approximately $321,000.

A number of other hedge funds also recently made changes to their positions in HASI. Legend Financial Advisors Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $29,000. Signaturefd LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 495 shares during the period. Garde Capital Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $35,000. Finally, Cheviot Value Management LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $70,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday. UBS Group lifted their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group lifted their price target on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of "Moderate Buy" and an average target price of $38.13.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $30.73 on Thursday. The firm has a fifty day moving average of $28.14 and a 200-day moving average of $26.99. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.61. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 108.39%.

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.

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