FCA Corp TX Buys New Position in HA Sustainable Infrastructure Capital, Inc. $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 shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,200 shares of the real estate investment trust's stock, valued at approximately $444,000.

A number of other institutional investors also recently modified their holdings of HASI. Tidal Investments LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 2,466.7% during the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock worth $18,762,000 after buying an additional 672,031 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth $19,058,000. Nuveen LLC acquired a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth $12,371,000. Citigroup Inc. raised its holdings in shares of HA Sustainable Infrastructure Capital by 40.0% during the 1st quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock worth $38,345,000 after buying an additional 374,946 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in HA Sustainable Infrastructure Capital by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after acquiring an additional 311,184 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Trading Up 1.1%

Shares of NYSE HASI traded up $0.3150 during trading on Tuesday, reaching $27.8150. The company had a trading volume of 369,438 shares, compared to its average volume of 1,281,497. The company's fifty day moving average price is $26.73 and its 200-day moving average price is $26.89. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56. The stock has a market cap of $3.46 billion, a P/E ratio of 17.88, a PEG ratio of 1.04 and a beta of 1.62. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 6.0%. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 108.39%.

Wall Street Analysts Forecast Growth

HASI has been the topic of a number of research reports. UBS Group boosted their price objective on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, HA Sustainable Infrastructure Capital has a consensus rating of "Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital 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.