Bank of New York Mellon Corp Sells 436,199 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bank of New York Mellon Corp trimmed its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,772,695 shares of the real estate investment trust's stock after selling 436,199 shares during the quarter. Bank of New York Mellon Corp owned 1.43% of HA Sustainable Infrastructure Capital worth $51,834,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HASI. Wellington Management Group LLP raised its holdings in HA Sustainable Infrastructure Capital by 7.2% in the 4th 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 acquiring an additional 949,253 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock worth $355,369,000 after purchasing an additional 156,695 shares during the period. FMR LLC boosted its position in shares of HA Sustainable Infrastructure Capital by 393.3% during the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock worth $152,624,000 after purchasing an additional 4,535,345 shares during the period. Geode Capital Management LLC boosted its position in HA Sustainable Infrastructure Capital by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock valued at $72,018,000 after buying an additional 46,733 shares during the period. Finally, Northern Trust Corp boosted its position in HA Sustainable Infrastructure Capital by 18.1% in the 4th quarter. Northern Trust Corp now owns 1,715,087 shares of the real estate investment trust's stock valued at $46,016,000 after buying an additional 262,443 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HASI. Wall Street Zen lowered shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Robert W. Baird lowered their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, HA Sustainable Infrastructure Capital currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

HA Sustainable Infrastructure Capital Stock Down 1.1%

HASI traded down $0.29 on Friday, reaching $27.38. 900,919 shares of the company traded hands, compared to its average volume of 1,197,245. The stock's 50 day moving average price is $26.48 and its 200-day moving average price is $27.04. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.03 and a beta of 1.68. The company has a debt-to-equity ratio of 1.91, a current ratio of 11.04 and a quick ratio of 11.04.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 161.54%.

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.