Resources Management Corp CT ADV Increases Stock Position in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Resources Management Corp CT ADV increased its stake in HA Sustainable Infrastructure Capital by 134.3%, bringing its total holdings to 21,360 shares valued at approximately $625,000.
• HA Sustainable Infrastructure Capital announced a quarterly dividend of $0.42 per share, which results in an annualized yield of 6.0% and will be paid on October 17th.
• The company has received favorable ratings from analysts, with a consensus rating of "Buy" and a price target of $37.38, following recent upgrades from several firms.

Resources Management Corp CT ADV lifted its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 134.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,360 shares of the real estate investment trust's stock after purchasing an additional 12,245 shares during the period. Resources Management Corp CT ADV's holdings in HA Sustainable Infrastructure Capital were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HASI. Zions Bancorporation National Association UT acquired a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at $29,000. Signaturefd LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after buying an additional 495 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth $35,000. Parallel Advisors LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 3,221.5% in the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 2,094 shares during the period. Finally, Cheviot Value Management LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $70,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Stock Down 1.2%

HA Sustainable Infrastructure Capital stock traded down $0.35 during mid-day trading on Friday, hitting $27.99. The company had a trading volume of 610,219 shares, compared to its average volume of 895,462. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.06 and a beta of 1.58. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year 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 business has a fifty day moving average of $27.19 and a 200 day moving average of $26.86.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.0%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 108.39%.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of recent analyst reports. 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 report on Monday, August 11th. Wall Street Zen raised shares of 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, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $37.38.

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.