HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in HA Sustainable Infrastructure Capital by 2.3% during the first quarter, bringing its total ownership to approximately 10.94%, valued at $396.39 million.
• The company has a quarterly dividend of $0.42 per share, yielding 6.1%, with a payout ratio currently over 100%.
• HA Sustainable Infrastructure Capital is rated a "Moderate Buy" by analysts, with an average price target of $37.90.

Vanguard Group Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,556,379 shares of the real estate investment trust's stock after acquiring an additional 311,184 shares during the period. Vanguard Group Inc. owned about 10.94% of HA Sustainable Infrastructure Capital worth $396,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HASI. GAMMA Investing LLC raised its position in shares of HA Sustainable Infrastructure Capital by 31.5% in the first quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 1,400 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $880,000. Principal Financial Group Inc. raised its position in shares of HA Sustainable Infrastructure Capital by 3.1% in the first quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust's stock valued at $17,318,000 after buying an additional 17,880 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $675,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $624,000. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

HASI opened at $27.65 on Friday. The company has a quick ratio of 11.04, a current ratio of 10.81 and a debt-to-equity ratio of 1.82. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The company has a 50 day moving average of $26.70 and a two-hundred day moving average of $26.91. The company has a market cap of $3.44 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.01 and a beta of 1.62.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is currently 108.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group boosted 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 report on Monday, August 11th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.90.

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.

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