Andrew Hill Investment Advisors Inc. Makes New Investment in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Andrew Hill Investment Advisors Inc. has acquired a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI), purchasing 26,170 shares valued at approximately $703,000 in the second quarter.
• A significant majority, 96.14% of HA Sustainable Infrastructure Capital's stock, is currently held by institutional investors, indicating strong interest from larger entities.
• The company recently declared a quarterly dividend of $0.42 per share, reflecting an annualized dividend of $1.68 and a yield of 6.0%.

Andrew Hill Investment Advisors Inc. acquired a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,170 shares of the real estate investment trust's stock, valued at approximately $703,000.

Several other institutional investors have also modified their holdings of HASI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 441.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock worth $58,404,000 after acquiring an additional 1,628,182 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in HA Sustainable Infrastructure Capital during the first quarter worth $19,058,000. Nuveen LLC bought a new position in HA Sustainable Infrastructure Capital in the 1st quarter valued at about $12,371,000. Citigroup Inc. grew its stake in HA Sustainable Infrastructure Capital by 40.0% in the 1st quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock valued at $38,345,000 after buying an additional 374,946 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of HA Sustainable Infrastructure Capital by 7.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock valued at $146,811,000 after acquiring an additional 330,314 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 0.8%

HASI traded up $0.22 on Friday, reaching $28.90. 1,969,049 shares of the company traded hands, compared to its average volume of 838,933. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.08 and a beta of 1.58. The stock's 50 day moving average price is $27.33 and its 200-day moving average price is $26.86. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. UBS Group boosted their target price on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, HA Sustainable Infrastructure Capital presently has an average rating of "Buy" and an average target price of $38.13.

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.