New Age Alpha Advisors LLC Lowers Holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Key Points

• New Age Alpha Advisors LLC reduced its holdings in HA Sustainable Infrastructure Capital by 23.0%, now owning approximately 126,430 shares valued at $3.7 million.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42, yielding 6.6%, with a payout ratio of 161.54%.
• Analysts have mixed opinions on HA Sustainable Infrastructure Capital, with a consensus rating of "Moderate Buy" and a price target of $37.78, down from previous estimates.

New Age Alpha Advisors LLC lowered its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 23.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,430 shares of the real estate investment trust's stock after selling 37,728 shares during the period. New Age Alpha Advisors LLC owned 0.10% of HA Sustainable Infrastructure Capital worth $3,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 81.2% during the fourth quarter. JPMorgan Chase & Co. now owns 544,699 shares of the real estate investment trust's stock valued at $14,614,000 after purchasing an additional 244,112 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of HA Sustainable Infrastructure Capital by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,582 shares of the real estate investment trust's stock valued at $418,000 after acquiring an additional 1,418 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of HA Sustainable Infrastructure Capital by 2.4% in the fourth quarter. California Public Employees Retirement System now owns 215,399 shares of the real estate investment trust's stock worth $5,779,000 after acquiring an additional 5,123 shares during the period. Alliancebernstein L.P. raised its holdings in shares of HA Sustainable Infrastructure Capital by 101.7% during the fourth quarter. Alliancebernstein L.P. now owns 296,475 shares of the real estate investment trust's stock valued at $7,954,000 after purchasing an additional 149,465 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in HA Sustainable Infrastructure Capital by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 403,834 shares of the real estate investment trust's stock worth $10,835,000 after purchasing an additional 24,002 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Trading Up 0.1%

HA Sustainable Infrastructure Capital stock traded up $0.02 during mid-day trading on Thursday, hitting $24.46. The company's stock had a trading volume of 1,382,403 shares, compared to its average volume of 1,118,672. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The stock has a market cap of $2.97 billion, a PE ratio of 23.52, a P/E/G ratio of 0.92 and a beta of 1.62. The company has a 50 day moving average of $26.53 and a 200-day moving average of $26.95. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.08). HA Sustainable Infrastructure Capital had a net margin of 35.66% and a return on equity of 11.33%. On average, research analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

HASI has been the subject of a number of research reports. Wall Street Zen lowered shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird reduced their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.78.

HA Sustainable Infrastructure Capital Company 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.