HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought 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 lifted its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 171.4% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 about 0.07% of HA Sustainable Infrastructure Capital worth $2,404,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Signaturefd LLC raised its stake in 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 worth $34,000 after acquiring an additional 495 shares during the last quarter. Garde Capital Inc. acquired a new stake in HA Sustainable Infrastructure Capital during the 1st quarter worth about $35,000. Parallel Advisors LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 3,221.5% during the 1st quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 2,094 shares during the last quarter. Cheviot Value Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at about $70,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of HA Sustainable Infrastructure Capital by 830.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,640 shares of the real estate investment trust's stock valued at $98,000 after buying an additional 3,249 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded down $0.06 during midday trading on Tuesday, hitting $25.60. The stock had a trading volume of 1,210,502 shares, compared to its average volume of 1,120,072. The stock has a 50 day simple moving average of $26.57 and a 200-day simple moving average of $26.99. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The company has a quick ratio of 11.04, a current ratio of 11.04 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $3.11 billion, a PE ratio of 24.62, a P/E/G ratio of 0.96 and a beta of 1.62.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 161.54%.

Analyst Upgrades and Downgrades

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

About HA Sustainable Infrastructure Capital

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.