HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

Key Points

• IQ EQ Fund Management Ireland Ltd increased its stake in HA Sustainable Infrastructure Capital, purchasing an additional 51,917 shares, resulting in a total ownership of 82,203 shares now valued at approximately $2.4 million.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42 per share, translating to an annualized yield of 6.5%, with a notable dividend payout ratio of 161.54%.
• Wall Street analysts have mixed views on HASI, with ratings ranging from sell to strong buy, and a consensus price target set at $37.78.

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 171.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,203 shares of the real estate investment trust's stock after purchasing an additional 51,917 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.07% of HA Sustainable Infrastructure Capital worth $2,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HASI. Signaturefd LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 72.4% in the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 495 shares during the period. Garde Capital Inc. purchased a new stake in HA Sustainable Infrastructure Capital during the first quarter valued at about $35,000. Parallel Advisors LLC increased its position in shares of HA Sustainable Infrastructure Capital by 3,221.5% in the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 2,094 shares during the last quarter. Cheviot Value Management LLC purchased a new position in shares of HA Sustainable Infrastructure Capital during the first quarter worth approximately $70,000. Finally, Sterling Capital Management LLC increased its position in shares of HA Sustainable Infrastructure Capital by 830.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 3,249 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HASI has been the topic of a number of recent research reports. Robert W. Baird dropped their price objective on shares of 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. Wall Street Zen cut HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.78.

HA Sustainable Infrastructure Capital Stock Performance

HASI stock traded up $0.19 during midday trading on Thursday, hitting $24.63. 720,133 shares of the stock traded hands, compared to its average volume of 1,277,389. The firm has a market cap of $2.99 billion, a P/E ratio of 23.71, a PEG ratio of 0.96 and a beta of 1.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 11.04 and a quick ratio of 11.04. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56. The stock's fifty day simple moving average is $26.55 and its 200-day simple moving average is $26.97.

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.