Harbor Capital Advisors Inc. Cuts Position in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Harbor Capital Advisors Inc. reduced its stake in HA Sustainable Infrastructure Capital, Inc. by 35.1%, holding 30,447 shares valued at $818,000 as of the end of the second quarter.
• HA Sustainable Infrastructure Capital announced a quarterly dividend of $0.42 per share, with a yield of 5.9% and a payout ratio of 108.39%.
• Analysts maintain a positive outlook on HA Sustainable Infrastructure Capital, with an average rating of "Buy" and a price target of $37.38 following recent upgrades.

Harbor Capital Advisors Inc. reduced its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 35.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,447 shares of the real estate investment trust's stock after selling 16,493 shares during the period. Harbor Capital Advisors Inc.'s holdings in HA Sustainable Infrastructure Capital were worth $818,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Strs Ohio bought a new position in HA Sustainable Infrastructure Capital in the 1st quarter worth $635,000. Intech Investment Management LLC raised its position in HA Sustainable Infrastructure Capital by 13.6% in the 1st quarter. Intech Investment Management LLC now owns 47,566 shares of the real estate investment trust's stock worth $1,391,000 after purchasing an additional 5,683 shares during the period. Jane Street Group LLC raised its position in HA Sustainable Infrastructure Capital by 49.9% in the 1st quarter. Jane Street Group LLC now owns 104,926 shares of the real estate investment trust's stock worth $3,068,000 after purchasing an additional 34,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of HA Sustainable Infrastructure Capital by 441.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock worth $58,404,000 after acquiring an additional 1,628,182 shares during the period. Finally, Optimize Financial Inc increased its holdings in HA Sustainable Infrastructure Capital by 28.7% during the first quarter. Optimize Financial Inc now owns 13,435 shares of the real estate investment trust's stock valued at $393,000 after buying an additional 3,000 shares during the period. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

HASI has been the subject of several research reports. UBS Group lifted their price objective on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of "Buy" and an average target price of $38.13.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI traded up $0.22 during trading hours on Friday, reaching $28.90. The company had a trading volume of 1,969,049 shares, compared to its average volume of 838,933. The firm has a 50 day simple moving average of $27.33 and a 200-day simple moving average of $26.86. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.08 and a beta of 1.58. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.98 and a 12-month high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 108.39%.

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.