Nuveen LLC Makes New $12.37 Million Investment in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Nuveen LLC has made a $12.37 million investment in HA Sustainable Infrastructure Capital, acquiring approximately 423,071 shares in the first quarter of the year.
• HA Sustainable Infrastructure Capital will pay a quarterly dividend of $0.42 on October 17th, with an annualized dividend yield of 6.1%.
• Wall Street analysts have revised their ratings on HA Sustainable Infrastructure Capital, with several firms raising their price targets, indicating a consensus rating of "Buy" and a target price of $37.90.

Nuveen LLC acquired a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 423,071 shares of the real estate investment trust's stock, valued at approximately $12,371,000. Nuveen LLC owned 0.34% of HA Sustainable Infrastructure Capital as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 72.4% during the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after buying an additional 495 shares during the period. Figure 8 Investment Strategies LLC lifted its holdings in shares of HA Sustainable Infrastructure Capital by 0.7% during the first quarter. Figure 8 Investment Strategies LLC now owns 77,698 shares of the real estate investment trust's stock valued at $2,272,000 after acquiring an additional 565 shares during the period. Xponance Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 6.3% in the 1st quarter. Xponance Inc. now owns 9,570 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 571 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of HA Sustainable Infrastructure Capital by 6.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 12,788 shares of the real estate investment trust's stock worth $374,000 after purchasing an additional 738 shares during the last quarter. Finally, Mariner LLC increased its position in shares of HA Sustainable Infrastructure Capital by 3.7% during the 4th quarter. Mariner LLC now owns 21,819 shares of the real estate investment trust's stock worth $585,000 after purchasing an additional 786 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Trading Down 0.3%

Shares of HASI stock traded down $0.09 on Wednesday, reaching $28.00. 713,920 shares of the stock were exchanged, compared to its average volume of 1,203,851. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The stock has a market cap of $3.48 billion, a PE ratio of 18.06, a P/E/G ratio of 1.05 and a beta of 1.62. The stock has a 50 day moving average price of $26.92 and a 200 day moving average price of $26.91.

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 given a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 6.0%. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 108.39%.

Analysts Set New Price Targets

A number of equities analysts have commented on HASI shares. UBS Group boosted their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One research 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. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $37.90.

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.