HA Sustainable Infrastructure Capital, Inc. $HASI Shares Acquired 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. raised its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,556,379 shares of the real estate investment trust's stock after purchasing 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 quarter.

Several other institutional investors also recently bought and sold shares of the business. Signaturefd LLC lifted its position in shares of 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 acquiring an additional 495 shares in the last quarter. Figure 8 Investment Strategies LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 0.7% in the first quarter. Figure 8 Investment Strategies LLC now owns 77,698 shares of the real estate investment trust's stock valued at $2,272,000 after acquiring an additional 565 shares in the last quarter. Xponance Inc. lifted its position in shares of HA Sustainable Infrastructure Capital by 6.3% in the first quarter. Xponance Inc. now owns 9,570 shares of the real estate investment trust's stock valued at $280,000 after acquiring an additional 571 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of HA Sustainable Infrastructure Capital by 6.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,084 shares of the real estate investment trust's stock valued at $324,000 after acquiring an additional 693 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of HA Sustainable Infrastructure Capital by 6.1% in the first quarter. Avantax Advisory Services Inc. now owns 12,788 shares of the real estate investment trust's stock valued at $374,000 after acquiring an additional 738 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Trading Up 0.1%

HA Sustainable Infrastructure Capital stock traded up $0.0350 during trading on Wednesday, reaching $27.8350. 861,287 shares of the company were exchanged, compared to its average volume of 1,166,300. 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 market capitalization of $3.46 billion, a P/E ratio of 17.96, a PEG ratio of 1.04 and a beta of 1.62. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The stock's 50 day simple moving average is $26.77 and its two-hundred day simple moving average is $26.90.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 6.0%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 108.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HASI shares. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "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.