Hsbc Holdings PLC Lowers Holdings in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Hsbc Holdings PLC reduced its holdings in HA Sustainable Infrastructure Capital, Inc. by 56.6%, bringing its total shares down to 20,318, valued at approximately $594,000 as of the latest SEC filing.
• A significant number of other institutional investors have altered their positions in the stock, with Maven Securities LTD increasing its stake by 678.5%.
• Research analysts recently upgraded the stock's consensus rating to "Buy" with an average price target of $37.90, following UBS Group's increase of the price target to $39.00.

Hsbc Holdings PLC cut its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 56.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,318 shares of the real estate investment trust's stock after selling 26,541 shares during the period. Hsbc Holdings PLC's holdings in HA Sustainable Infrastructure Capital were worth $594,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Maven Securities LTD grew its position in shares of HA Sustainable Infrastructure Capital by 678.5% in the first quarter. Maven Securities LTD now owns 77,852 shares of the real estate investment trust's stock valued at $2,276,000 after purchasing an additional 67,852 shares during the period. Quantbot Technologies LP boosted its holdings in HA Sustainable Infrastructure Capital by 9.8% in the 1st quarter. Quantbot Technologies LP now owns 23,490 shares of the real estate investment trust's stock worth $687,000 after buying an additional 2,104 shares during the last quarter. Versor Investments LP acquired a new position in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $292,000. FCA Corp TX purchased a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $444,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth approximately $242,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group raised their price target 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital Stock Up 0.9%

HASI stock opened at $28.20 on Monday. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The firm's 50 day moving average price is $27.01 and its 200-day moving average price is $26.89. The firm has a market cap of $3.51 billion, a PE ratio of 18.19, a PEG ratio of 1.06 and a beta of 1.58. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.

HA Sustainable Infrastructure Capital 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.

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