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Principal Financial Group Inc. Boosts Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

HA Sustainable Infrastructure Capital logo with Finance background

Principal Financial Group Inc. lifted its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 592,282 shares of the real estate investment trust's stock after acquiring an additional 17,880 shares during the quarter. Principal Financial Group Inc. owned 0.48% of HA Sustainable Infrastructure Capital worth $17,318,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter worth $506,000. Vontobel Holding Ltd. increased its stake in shares of HA Sustainable Infrastructure Capital by 7.8% in the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after acquiring an additional 110,617 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter worth $146,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in HA Sustainable Infrastructure Capital by 1.9% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 252,462 shares of the real estate investment trust's stock valued at $7,382,000 after buying an additional 4,723 shares during the period. Finally, Quaero Capital S.A. grew its position in HA Sustainable Infrastructure Capital by 8.2% during the first quarter. Quaero Capital S.A. now owns 67,108 shares of the real estate investment trust's stock valued at $1,962,000 after buying an additional 5,100 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded down $0.29 during trading on Friday, hitting $27.38. The company had a trading volume of 900,919 shares, compared to its average volume of 1,197,245. The stock has a fifty day simple moving average of $26.48 and a two-hundred day simple moving average of $27.04. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.68. The company has a quick ratio of 11.04, a current ratio of 11.04 and a debt-to-equity ratio of 1.91.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd were given a $0.42 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.68 annualized dividend and a dividend yield of 6.14%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 161.54%.

Analyst Upgrades and Downgrades

HASI has been the topic of several analyst reports. Wall Street Zen lowered shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Robert W. Baird dropped their price target on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Read Our Latest Stock Report on HASI

HA Sustainable Infrastructure Capital Company Profile

(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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Institutional Ownership by Quarter for HA Sustainable Infrastructure Capital (NYSE:HASI)

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