Federated Hermes Inc. Has $1.94 Million Holdings 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. decreased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 31.8% in the first quarter, according to the company in its most recent 13F filing with the 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 filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of HA Sustainable Infrastructure Capital by 13.3% in the first quarter. Cetera Investment Advisers now owns 24,405 shares of the real estate investment trust's stock valued at $714,000 after purchasing an additional 2,866 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in HA Sustainable Infrastructure Capital by 6.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 12,788 shares of the real estate investment trust's stock valued at $374,000 after purchasing an additional 738 shares during the period. SFE Investment Counsel grew its position in shares of HA Sustainable Infrastructure Capital by 4.5% during the 1st quarter. SFE Investment Counsel now owns 163,186 shares of the real estate investment trust's stock worth $4,772,000 after buying an additional 7,082 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $19,058,000. Finally, Y Intercept Hong Kong Ltd bought a new position in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $349,000. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

HASI traded up $0.02 during trading hours on Thursday, reaching $24.46. The company's stock had a trading volume of 1,382,403 shares, compared to its average volume of 1,282,135. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The firm has a market cap of $2.97 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. The company's 50-day moving average is $26.53 and its 200-day moving average is $26.95. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.08). HA Sustainable Infrastructure Capital had a return on equity of 11.33% and a net margin of 35.66%. On average, equities analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Analyst Ratings Changes

HASI has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen downgraded HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, HA Sustainable Infrastructure Capital currently has an average rating of "Moderate Buy" and an average target price of $37.78.

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.