Pallas Capital Advisors LLC Raises Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Pallas Capital Advisors LLC boosted its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,740 shares of the real estate investment trust's stock after buying an additional 11,405 shares during the quarter. Pallas Capital Advisors LLC owned approximately 0.08% of HA Sustainable Infrastructure Capital worth $3,004,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in HA Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 394 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of HA Sustainable Infrastructure Capital by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 67,335 shares of the real estate investment trust's stock valued at $1,806,000 after buying an additional 880 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of HA Sustainable Infrastructure Capital by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 57,300 shares of the real estate investment trust's stock valued at $1,537,000 after buying an additional 1,000 shares during the period. MeadowBrook Investment Advisors LLC grew its stake in HA Sustainable Infrastructure Capital by 64.1% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 9,065 shares of the real estate investment trust's stock worth $243,000 after buying an additional 3,542 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in HA Sustainable Infrastructure Capital by 6.2% in the 4th quarter. Vontobel Holding Ltd. now owns 1,426,174 shares of the real estate investment trust's stock valued at $38,264,000 after buying an additional 83,106 shares during the period. Institutional investors own 96.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HASI. Wall Street Zen downgraded HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Wells Fargo & Company began coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price target on the stock. Finally, Robert W. Baird dropped their target price on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

HA Sustainable Infrastructure Capital Price Performance

NYSE HASI traded up $0.40 during trading hours on Tuesday, reaching $26.37. 1,025,578 shares of the stock traded hands, compared to its average volume of 1,140,178. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.06 and a beta of 1.68. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The stock has a 50 day simple moving average of $25.48 and a two-hundred day simple moving average of $27.50.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 6.37%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 161.54%.

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.