Federated Hermes Inc. Lowers Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• Federated Hermes Inc. reduced its stake in HA Sustainable Infrastructure Capital by 31.8% in the first quarter, now owning about 66,165 shares valued at approximately $1.9 million.
• The company announced a quarterly dividend of $0.42 per share, reflecting an annualized dividend of $1.68 and a yield of 6.9%, with a high payout ratio of 161.54%.
• Wall Street analysts have mixed ratings on the stock, with one sell rating, one hold, eight buy ratings, and a consensus target price of $37.78.

Federated Hermes Inc. cut its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 31.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,165 shares of the real estate investment trust's stock after selling 30,808 shares during the quarter. Federated Hermes Inc. owned 0.05% of HA Sustainable Infrastructure Capital worth $1,935,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Signaturefd LLC boosted its stake in shares of HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 495 shares during the last quarter. Garde Capital Inc. purchased a new position in HA Sustainable Infrastructure Capital in the 1st quarter valued at $35,000. Parallel Advisors LLC boosted its stake in HA Sustainable Infrastructure Capital by 3,221.5% during the 1st quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 2,094 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 830.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the real estate investment trust's stock worth $98,000 after buying an additional 3,249 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $146,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HASI shares. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday. Robert W. Baird decreased their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.78.

HA Sustainable Infrastructure Capital Trading Up 5.6%

HA Sustainable Infrastructure Capital stock traded up $1.36 during midday trading on Friday, hitting $25.74. 1,673,545 shares of the stock were exchanged, compared to its average volume of 1,130,944. The company has a current ratio of 11.04, a quick ratio of 11.04 and a debt-to-equity ratio of 1.91. The stock's 50-day simple moving average is $26.55 and its 200 day simple moving average is $26.93. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.91 and a beta of 1.62.

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 issued a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.5%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

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.