FCA Corp TX Acquires Shares of 15,200 HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• FCA Corp TX has acquired a new position in HA Sustainable Infrastructure Capital, purchasing 15,200 shares valued at approximately $444,000 in the first quarter.
• HA Sustainable Infrastructure Capital will pay a quarterly dividend of $0.42 on October 17th, representing an annualized yield of 6.2%.
• Wall Street analysts have rated the stock with an average rating of "Moderate Buy" and set a consensus target price of $37.90.

FCA Corp TX purchased a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,200 shares of the real estate investment trust's stock, valued at approximately $444,000.

A number of other large investors also recently modified their holdings of HASI. Kovitz Investment Group Partners LLC acquired a new stake in HA Sustainable Infrastructure Capital in the first quarter worth $242,000. Vestmark Advisory Solutions Inc. bought a new position in shares of HA Sustainable Infrastructure Capital during the first quarter worth about $215,000. Russell Investments Group Ltd. increased its holdings in shares of HA Sustainable Infrastructure Capital by 31.2% in the 1st quarter. Russell Investments Group Ltd. now owns 410,606 shares of the real estate investment trust's stock worth $12,006,000 after acquiring an additional 97,749 shares during the period. Public Sector Pension Investment Board lifted its position in HA Sustainable Infrastructure Capital by 27.8% in the 1st quarter. Public Sector Pension Investment Board now owns 377,294 shares of the real estate investment trust's stock valued at $11,032,000 after purchasing an additional 82,082 shares during the last quarter. Finally, Nuveen LLC bought a new stake in HA Sustainable Infrastructure Capital in the 1st quarter valued at about $12,371,000. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Price Performance

Shares of HA Sustainable Infrastructure Capital stock traded up $0.97 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 52 week low of $21.98 and a 52 week high of $36.56. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 11.04. The company has a market cap of $3.44 billion, a PE ratio of 17.84, a PEG ratio of 1.04 and a beta of 1.62. The business has a 50-day simple moving average of $26.70 and a 200-day simple moving average of $26.91.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.42 per share. The ex-dividend date 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 108.39%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HASI. UBS Group raised their price target 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 raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HA Sustainable Infrastructure Capital has an average rating of "Moderate Buy" and a consensus price target of $37.90.

About HA Sustainable Infrastructure Capital

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.