Citigroup Inc. Has $38.35 Million Stock Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• Citigroup Inc. increased its stake in HA Sustainable Infrastructure Capital by 40%, acquiring an additional 374,946 shares, bringing its total ownership to approximately 1.31 million shares valued at $38.34 million.
• The company declared a quarterly dividend of $0.42 per share, which translates to an annualized dividend of $1.68 and a yield of 6.5%.
• Institutional investors collectively hold 96.14% of HA Sustainable Infrastructure Capital's stock, indicating strong institutional interest in the company.

Citigroup Inc. lifted its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 40.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,311,379 shares of the real estate investment trust's stock after buying an additional 374,946 shares during the period. Citigroup Inc. owned about 1.06% of HA Sustainable Infrastructure Capital worth $38,345,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in HA Sustainable Infrastructure Capital by 31.5% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock worth $171,000 after purchasing an additional 1,400 shares during the period. GSA Capital Partners LLP acquired a new position in HA Sustainable Infrastructure Capital in the 1st quarter worth $880,000. Principal Financial Group Inc. boosted its stake in HA Sustainable Infrastructure Capital by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust's stock worth $17,318,000 after purchasing an additional 17,880 shares during the period. Aurora Private Wealth Inc. acquired a new position in HA Sustainable Infrastructure Capital in the 1st quarter worth $675,000. Finally, Apollon Wealth Management LLC acquired a new position in HA Sustainable Infrastructure Capital in the 1st quarter worth $624,000. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HASI shares. UBS Group raised their target price on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company 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. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of "Moderate Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital Stock Performance

HA Sustainable Infrastructure Capital stock traded up $0.97 during trading hours on Friday, hitting $27.65. The company had a trading volume of 1,824,306 shares, compared to its average volume of 1,177,506. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The firm has a 50-day moving average of $26.70 and a 200 day moving average of $26.91. The firm has a market cap of $3.44 billion, a PE ratio of 17.84, a PEG ratio of 1.01 and a beta of 1.62. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 11.04.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 6.1%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

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.