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 increased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 134.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,360 shares of the real estate investment trust's stock after purchasing an additional 12,245 shares during the quarter. 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 also recently modified their holdings of HASI. Cetera Investment Advisers grew its stake in shares of HA Sustainable Infrastructure Capital by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 21,539 shares of the real estate investment trust's stock worth $578,000 after purchasing an additional 2,082 shares during the last quarter. Crestline Management LP bought a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth about $331,000. Deutsche Bank AG grew its stake in shares of HA Sustainable Infrastructure Capital by 36.8% in the fourth quarter. Deutsche Bank AG now owns 1,031,732 shares of the real estate investment trust's stock worth $27,681,000 after purchasing an additional 277,734 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of HA Sustainable Infrastructure Capital by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 105,281 shares of the real estate investment trust's stock worth $2,825,000 after purchasing an additional 1,563 shares during the last quarter. Finally, LRI Investments LLC lifted its holdings in HA Sustainable Infrastructure Capital by 166.7% in the fourth quarter. LRI Investments LLC now owns 20,000 shares of the real estate investment trust's stock worth $537,000 after buying an additional 12,500 shares during the period. 96.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HASI. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group raised their price objective on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th. 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 MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $37.38.

HA Sustainable Infrastructure Capital Stock Down 1.2%

Shares of HASI stock traded down $0.35 during trading hours on Friday, hitting $27.99. 610,219 shares of the company's stock traded hands, compared to its average volume of 895,462. The stock's fifty day simple moving average is $27.19 and its two-hundred day simple moving average is $26.88. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.98 and a 12-month high of $36.56. 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. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

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