HA Sustainable Infrastructure Capital, Inc. $HASI Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management significantly increased its stake in HA Sustainable Infrastructure Capital, acquiring an additional 1,628,182 shares for a total ownership of 1,997,416 shares, valued at approximately $58.4 million.
• The company recently announced a quarterly dividend of $0.42, scheduled for payment on October 17, which translates to an annualized yield of 6.0% despite a payout ratio exceeding 108%.
• Analysts have a positive outlook on HA Sustainable Infrastructure Capital, with UBS raising its target price to $39.00 and an average rating of "Buy" among multiple equity analysts.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 441.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,997,416 shares of the real estate investment trust's stock after acquiring an additional 1,628,182 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.61% of HA Sustainable Infrastructure Capital worth $58,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 acquiring an additional 311,184 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of HA Sustainable Infrastructure Capital by 7.0% in the first 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 acquiring an additional 330,314 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of HA Sustainable Infrastructure Capital by 7.8% in the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock valued at $44,936,000 after acquiring an additional 110,617 shares in the last quarter. Citigroup Inc. lifted its position in shares of 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 valued at $38,345,000 after acquiring an additional 374,946 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 48.6% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 856,908 shares of the real estate investment trust's stock valued at $25,056,000 after acquiring an additional 280,215 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

HASI stock opened at $27.99 on Monday. The business has a fifty day moving average of $27.19 and a two-hundred day moving average of $26.85. 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 stock has a market cap of $3.48 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.58. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56.

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 $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 dividend yield of 6.0%. HA Sustainable Infrastructure Capital's payout ratio is presently 108.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group raised their target price 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. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.

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