HA Sustainable Infrastructure Capital, Inc. $HASI Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers has reduced its stake in HA Sustainable Infrastructure Capital by 3.4%, now owning approximately 330,936 shares valued at around $9.68 million.
• Institutional investors have increased their positions significantly, including UBS AM boosting its holdings by 441.0% to nearly 2 million shares, reflecting strong institutional interest in the company.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42 per share, yielding 6.1%, with a payout ratio of 108.39%.

Rhumbline Advisers trimmed its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,936 shares of the real estate investment trust's stock after selling 11,616 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of HA Sustainable Infrastructure Capital worth $9,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HASI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in HA Sustainable Infrastructure Capital by 441.0% in the first 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. Tidal Investments LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 2,466.7% in the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock valued at $18,762,000 after buying an additional 672,031 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter valued at about $19,058,000. Nuveen LLC acquired a new stake in HA Sustainable Infrastructure Capital during the first quarter worth about $12,371,000. Finally, Citigroup Inc. lifted its holdings 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 acquiring an additional 374,946 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Stock Up 0.4%

HA Sustainable Infrastructure Capital stock opened at $27.74 on Thursday. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.04 and a beta of 1.58. The company's 50-day moving average price is $27.16 and its two-hundred day moving average price is $26.88. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 108.39%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HASI. UBS Group increased their price target on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wall Street Zen raised 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's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $37.38.

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.

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