HA Sustainable Infrastructure Capital, Inc. $HASI Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has increased its stake in HA Sustainable Infrastructure Capital by 7.0%, acquiring a total of 5,020,891 shares valued at approximately $146.8 million.
• The company has announced a quarterly dividend of $0.42 per share, representing a 6.1% yield, with the payment date set for October 17th.
• HA Sustainable Infrastructure Capital has recently seen upgrades from analysts, including a price target increase from UBS Group, now set at $39.00, along with an average rating of "Buy" among analysts.

T. Rowe Price Investment Management Inc. grew its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 7.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,020,891 shares of the real estate investment trust's stock after acquiring an additional 330,314 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.05% of HA Sustainable Infrastructure Capital worth $146,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 72.4% during the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 495 shares during the last quarter. Figure 8 Investment Strategies LLC boosted its holdings in HA Sustainable Infrastructure Capital by 0.7% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 77,698 shares of the real estate investment trust's stock valued at $2,272,000 after purchasing an additional 565 shares during the last quarter. Xponance Inc. lifted its holdings in HA Sustainable Infrastructure Capital by 6.3% during the 1st quarter. Xponance Inc. now owns 9,570 shares of the real estate investment trust's stock worth $280,000 after buying an additional 571 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of HA Sustainable Infrastructure Capital by 6.1% in 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 buying an additional 738 shares during the last quarter. Finally, Mariner LLC increased its position in HA Sustainable Infrastructure Capital by 3.7% in the 4th quarter. Mariner LLC now owns 21,819 shares of the real estate investment trust's stock valued at $585,000 after acquiring an additional 786 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group upped their target price 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 research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, HA Sustainable Infrastructure Capital currently has a consensus rating of "Buy" and an average target price of $37.90.

HA Sustainable Infrastructure Capital Stock Down 0.3%

Shares of NYSE:HASI traded down $0.08 during trading on Wednesday, hitting $28.00. The stock had a trading volume of 176,711 shares, compared to its average volume of 1,265,847. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $3.48 billion, a PE ratio of 18.08, a PEG ratio of 1.06 and a beta of 1.62. The firm's fifty day moving average is $26.88 and its 200 day moving average is $26.90.

HA Sustainable Infrastructure Capital Dividend Announcement

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 paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is presently 108.39%.

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.