Border to Coast Pensions Partnership Ltd Raises Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

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 lifted its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 4.8% in the second quarter, according to its most recent disclosure with the 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 about 0.36% of HA Sustainable Infrastructure Capital worth $11,818,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation National Association UT bought a new stake in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $29,000. Signaturefd LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 495 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital during the first quarter worth $35,000. Parallel Advisors LLC increased its position in HA Sustainable Infrastructure Capital by 3,221.5% in the 1st quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,094 shares during the period. Finally, Cheviot Value Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth $70,000. 96.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group lifted 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 upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital Trading Up 0.8%

HASI stock traded up $0.22 during trading on Friday, reaching $28.90. 1,969,049 shares of the stock traded hands, compared to its average volume of 873,726. The business's 50 day moving average price is $27.33 and its 200-day moving average price is $26.85. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The firm has a market capitalization of $3.59 billion, a PE ratio of 18.65, a P/E/G ratio of 1.08 and a beta of 1.58. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 5.8%. HA Sustainable Infrastructure Capital's payout ratio is currently 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.