Apollon Wealth Management LLC Invests $624,000 in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Apollon Wealth Management LLC bought a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,356 shares of the real estate investment trust's stock, valued at approximately $624,000.

A number of other large investors also recently bought and sold shares of the company. Signaturefd LLC increased its position in HA Sustainable Infrastructure Capital by 72.4% during the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 495 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth approximately $35,000. Millstone Evans Group LLC bought a new position in HA Sustainable Infrastructure Capital during the fourth quarter worth $47,000. Parallel Advisors LLC lifted its stake in HA Sustainable Infrastructure Capital by 3,221.5% during the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 2,094 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in HA Sustainable Infrastructure Capital by 830.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the real estate investment trust's stock valued at $98,000 after buying an additional 3,249 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI traded up $2.04 during midday trading on Tuesday, hitting $28.80. 2,282,830 shares of the company traded hands, compared to its average volume of 1,194,990. The firm has a 50 day moving average of $26.56 and a 200-day moving average of $27.03. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.00 and a beta of 1.68. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, July 2nd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend was Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 161.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird reduced their price target on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wall Street Zen cut HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

HA Sustainable Infrastructure Capital Company Profile

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.