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

Bank of New York Mellon Corp lessened its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 19.7% in the first quarter, according to its most recent filing with the SEC. The firm 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 about 1.43% of HA Sustainable Infrastructure Capital worth $51,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HASI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of HA Sustainable Infrastructure Capital by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust's stock worth $679,000 after acquiring an additional 402 shares during the period. Figure 8 Investment Strategies LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 0.7% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 77,698 shares of the real estate investment trust's stock valued at $2,272,000 after acquiring an additional 565 shares in the last quarter. Maryland State Retirement & Pension System grew its position in HA Sustainable Infrastructure Capital by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 39,899 shares of the real estate investment trust's stock worth $1,070,000 after purchasing an additional 574 shares in the last quarter. Atria Investments Inc grew its position in HA Sustainable Infrastructure Capital by 5.9% during the 4th quarter. Atria Investments Inc now owns 10,376 shares of the real estate investment trust's stock worth $278,000 after purchasing an additional 581 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in HA Sustainable Infrastructure Capital by 6.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,084 shares of the real estate investment trust's stock valued at $324,000 after purchasing an additional 693 shares during the period. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Down 1.6%

Shares of HA Sustainable Infrastructure Capital stock traded down $0.42 during midday trading on Wednesday, reaching $26.03. 1,203,752 shares of the company's stock traded hands, compared to its average volume of 1,195,038. 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, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The company's 50 day simple moving average is $26.52 and its 200 day simple moving average is $27.03. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.68.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd were given a $0.42 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.45%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 161.54%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded 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 HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.