HA Sustainable Infrastructure Capital, Inc. $HASI Holdings Raised 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. boosted its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,020,891 shares of the real estate investment trust's stock after buying an additional 330,314 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.05% of HA Sustainable Infrastructure Capital worth $146,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HASI. Raymond James Financial Inc. purchased a new stake in HA Sustainable Infrastructure Capital in the 4th quarter worth approximately $4,623,000. Mariner LLC lifted 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 worth $585,000 after buying an additional 786 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in HA Sustainable Infrastructure Capital by 2.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 139,905 shares of the real estate investment trust's stock worth $3,753,000 after buying an additional 3,135 shares in the last quarter. First Trust Advisors LP lifted its position in HA Sustainable Infrastructure Capital by 14.3% in the 4th quarter. First Trust Advisors LP now owns 582,051 shares of the real estate investment trust's stock worth $15,616,000 after buying an additional 73,031 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 68,585 shares of the real estate investment trust's stock worth $1,840,000 after purchasing an additional 3,738 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HASI shares. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group increased their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $37.90.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $27.3760 on Friday. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56. The company's fifty day moving average is $26.78 and its 200-day moving average is $26.90. 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 firm has a market cap of $3.40 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.05 and a beta of 1.62.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 108.39%.

HA Sustainable Infrastructure Capital Company 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.

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