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 holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 0.27% of HA Sustainable Infrastructure Capital worth $9,677,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HASI. Zions Bancorporation National Association UT purchased a new stake in HA Sustainable Infrastructure Capital in the first quarter valued at $29,000. Signaturefd LLC boosted its holdings in 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 purchasing an additional 495 shares during the last quarter. Garde Capital Inc. purchased a new stake in HA Sustainable Infrastructure Capital in the first quarter valued at $35,000. Parallel Advisors LLC boosted its holdings in HA Sustainable Infrastructure Capital by 3,221.5% in the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 2,094 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth about $70,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI traded down $0.12 during mid-day trading on Tuesday, hitting $28.26. 273,802 shares of the company were exchanged, compared to its average volume of 1,234,576. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. The company has a 50 day moving average of $27.23 and a 200-day moving average of $26.85. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.58.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is 108.39%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HASI. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group upped 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 research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $37.38.

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.