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

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after buying an additional 311,184 shares in the last quarter. Northern Trust Corp raised its holdings in HA Sustainable Infrastructure Capital by 18.1% in the 4th quarter. Northern Trust Corp now owns 1,715,087 shares of the real estate investment trust's stock worth $46,016,000 after acquiring an additional 262,443 shares during the last quarter. Vontobel Holding Ltd. lifted its position in HA Sustainable Infrastructure Capital by 7.8% in the 1st quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock valued at $44,936,000 after acquiring an additional 110,617 shares in the last quarter. Citigroup Inc. boosted its stake in HA Sustainable Infrastructure Capital by 40.0% during the 1st quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock valued at $38,345,000 after purchasing an additional 374,946 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of HA Sustainable Infrastructure Capital by 36.8% in the 4th quarter. Deutsche Bank AG now owns 1,031,732 shares of the real estate investment trust's stock worth $27,681,000 after purchasing an additional 277,734 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded up $1.4570 on Friday, hitting $28.8170. The stock had a trading volume of 1,273,210 shares, compared to its average volume of 1,158,956. The business's 50-day simple moving average is $26.81 and its two-hundred day simple moving average is $26.89. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.08 and a beta of 1.62. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.8%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 108.39%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group boosted their price target on 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. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $37.90.

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.