HA Sustainable Infrastructure Capital, Inc. $HASI Shares Bought by Border to Coast Pensions Partnership Ltd

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in HA Sustainable Infrastructure Capital by 4.8%, owning 440,000 shares valued at approximately $11.8 million after purchasing 20,000 additional shares.
• HA Sustainable Infrastructure Capital announced a quarterly dividend of $0.42 per share, resulting in an annual dividend yield of 5.8% and a payout ratio of 108.39%.
• Analysts have improved their outlook on HA Sustainable Infrastructure Capital, with price targets raised by JPMorgan Chase & Co. and UBS Group, reflecting a positive consensus rating of "Buy" for the stock.

Border to Coast Pensions Partnership Ltd boosted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,000 shares of the real estate investment trust's stock after buying an additional 20,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned approximately 0.36% of HA Sustainable Infrastructure Capital worth $11,818,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock valued at $396,389,000 after purchasing an additional 311,184 shares during the period. T. Rowe Price Investment Management Inc. raised its position in HA Sustainable Infrastructure Capital by 7.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock valued at $146,811,000 after purchasing an additional 330,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 441.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock worth $58,404,000 after purchasing an additional 1,628,182 shares during the period. Vontobel Holding Ltd. lifted its position in shares of HA Sustainable Infrastructure Capital by 7.8% in the 1st quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after purchasing an additional 110,617 shares during the period. Finally, Citigroup Inc. raised its stake in HA Sustainable Infrastructure Capital by 40.0% in the first quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock worth $38,345,000 after buying an additional 374,946 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HASI. JPMorgan Chase & Co. lifted their price target on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. UBS Group raised their price objective on 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. Finally, 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 analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, HA Sustainable Infrastructure Capital presently has a consensus rating of "Buy" and a consensus price target of $38.13.

HA Sustainable Infrastructure Capital Stock Performance

HASI traded up $0.34 during midday trading on Tuesday, hitting $29.28. 678,180 shares of the company were exchanged, compared to its average volume of 1,235,440. The company's 50 day simple moving average is $27.37 and its 200 day simple moving average is $26.85. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 5.7%. 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.