GAMMA Investing LLC grew its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3,745.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,849 shares of the real estate investment trust's stock after purchasing an additional 166,406 shares during the period. GAMMA Investing LLC owned about 0.14% of HA Sustainable Infrastructure Capital worth $49,960,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of HA Sustainable Infrastructure Capital by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after acquiring an additional 949,253 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of HA Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock valued at $355,369,000 after acquiring an additional 156,695 shares during the last quarter. FMR LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 393.3% during the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after acquiring an additional 4,535,345 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock valued at $72,018,000 after acquiring an additional 46,733 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of HA Sustainable Infrastructure Capital by 37.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after acquiring an additional 602,456 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.
HA Sustainable Infrastructure Capital Stock Performance
Shares of HASI stock traded up $0.50 during mid-day trading on Friday, reaching $25.39. The stock had a trading volume of 676,940 shares, compared to its average volume of 1,138,376. The firm's 50 day simple moving average is $25.54 and its 200 day simple moving average is $27.53. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The firm has a market cap of $3.07 billion, a PE ratio of 16.07, a P/E/G ratio of 1.06 and a beta of 1.68.
HA Sustainable Infrastructure Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.62%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 161.54%.
Wall Street Analyst Weigh In
HASI has been the topic of a number of analyst reports. Truist Financial initiated coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective on the stock. Robert W. Baird decreased their target price on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen downgraded HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company initiated coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned 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, HA Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and an average target price of $38.00.
Read Our Latest Stock Analysis on HASI
About HA Sustainable Infrastructure Capital
(
Free Report)
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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