Citigroup Inc. Boosts Holdings 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. raised its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 40.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,311,379 shares of the real estate investment trust's stock after purchasing an additional 374,946 shares during the period. Citigroup Inc. owned 1.06% of HA Sustainable Infrastructure Capital worth $38,345,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of HA Sustainable Infrastructure Capital by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock valued at $396,389,000 after acquiring an additional 311,184 shares in the last quarter. FMR LLC grew its position in 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 last quarter. Northern Trust Corp grew its position in HA Sustainable Infrastructure Capital by 18.1% during the 4th quarter. Northern Trust Corp now owns 1,715,087 shares of the real estate investment trust's stock worth $46,016,000 after purchasing an additional 262,443 shares during the last quarter. Hood River Capital Management LLC grew its position in HA Sustainable Infrastructure Capital by 6.7% during the 4th quarter. Hood River Capital Management LLC now owns 1,603,857 shares of the real estate investment trust's stock worth $43,031,000 after purchasing an additional 101,016 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in HA Sustainable Infrastructure Capital by 7.8% during the 1st quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after purchasing an additional 110,617 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

NYSE HASI traded down $0.21 during mid-day trading on Thursday, reaching $26.70. 923,107 shares of the stock were exchanged, compared to its average volume of 1,284,179. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81. The company has a market capitalization of $3.32 billion, a P/E ratio of 17.22, a P/E/G ratio of 0.99 and a beta of 1.62. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The business's 50 day moving average is $26.62 and its 200-day moving average is $26.92.

HA Sustainable Infrastructure Capital Announces Dividend

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 issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 108.39%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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. 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. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.90.

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.