Rhumbline Advisers Trims Holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Rhumbline Advisers lowered its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 330,936 shares of the real estate investment trust's stock after selling 11,616 shares during the period. Rhumbline Advisers owned 0.27% of HA Sustainable Infrastructure Capital worth $9,677,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of HA Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock worth $379,790,000 after acquiring an additional 949,253 shares during the period. Vanguard Group Inc. boosted its stake in HA Sustainable Infrastructure Capital by 1.2% in 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 purchasing an additional 156,695 shares during the period. FMR LLC grew its holdings in HA Sustainable Infrastructure Capital by 393.3% in 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 buying an additional 4,535,345 shares in the last quarter. Geode Capital Management LLC grew its holdings in HA Sustainable Infrastructure Capital by 1.8% in 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 buying an additional 46,733 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 worth $59,265,000 after buying an additional 602,456 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Robert W. Baird lowered their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company initiated coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

HA Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI traded down $0.21 during midday trading on Friday, reaching $27.04. The company had a trading volume of 1,085,372 shares, compared to its average volume of 1,152,065. The stock has a market cap of $3.27 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.06 and a beta of 1.68. The company's 50 day moving average price is $25.51 and its 200 day moving average price is $27.44. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.68 annualized dividend and a dividend yield of 6.21%. HA Sustainable Infrastructure Capital's payout ratio is 161.54%.

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.