HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Position Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 39.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,195 shares of the real estate investment trust's stock after acquiring an additional 69,316 shares during the period. New York State Common Retirement Fund owned 0.20% of HA Sustainable Infrastructure Capital worth $7,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HASI. Garde Capital Inc. acquired a new position in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $35,000. Millstone Evans Group LLC acquired a new position in HA Sustainable Infrastructure Capital in the fourth quarter valued at approximately $47,000. Parallel Advisors LLC boosted its stake in 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 valued at $63,000 after acquiring an additional 2,094 shares during the period. Sterling Capital Management LLC boosted its stake in 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. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $146,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on HASI. Wall Street Zen downgraded HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird reduced their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, HA Sustainable Infrastructure Capital currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

HA Sustainable Infrastructure Capital Price Performance

NYSE:HASI traded down $0.51 during midday trading on Wednesday, hitting $28.31. 970,805 shares of the stock were exchanged, compared to its average volume of 1,195,892. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 1.08 and a beta of 1.68. The business has a 50-day moving average price of $26.59 and a two-hundred day moving average price of $27.04. The company has a current ratio of 11.04, a quick ratio of 11.04 and a debt-to-equity ratio of 1.91.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.68 annualized dividend and a yield of 5.94%. HA Sustainable Infrastructure Capital's payout ratio is 161.54%.

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.