Pallas Capital Advisors LLC Acquires 17,802 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Pallas Capital Advisors LLC increased its stake in HA Sustainable Infrastructure Capital by 17.3%, acquiring an additional 17,802 shares in the second quarter, bringing its total to 120,542 shares worth approximately $3.24 million.
• HA Sustainable Infrastructure Capital's upcoming quarterly dividend of $0.42 per share will be paid on October 17th, offering a 6.0% yield based on an annualized payout of $1.68.
• Analysts have generally rated HA Sustainable Infrastructure Capital positively, with a consensus average price target of $37.38 and a significant majority rating it as a Buy or Strong Buy.

Pallas Capital Advisors LLC boosted its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,542 shares of the real estate investment trust's stock after buying an additional 17,802 shares during the period. Pallas Capital Advisors LLC owned 0.10% of HA Sustainable Infrastructure Capital worth $3,238,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 valued at $396,389,000 after buying an additional 311,184 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of HA Sustainable Infrastructure Capital by 7.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock worth $146,811,000 after purchasing an additional 330,314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in HA Sustainable Infrastructure Capital by 441.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock valued at $58,404,000 after buying an additional 1,628,182 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 7.8% during the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock valued at $44,936,000 after purchasing an additional 110,617 shares during the last quarter. Finally, Citigroup Inc. grew its position in HA Sustainable Infrastructure Capital by 40.0% in the 1st quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock worth $38,345,000 after purchasing an additional 374,946 shares during the period. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

HASI stock traded up $0.22 during midday trading on Friday, reaching $28.90. The stock had a trading volume of 1,969,049 shares, compared to its average volume of 838,933. 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 debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. The stock has a market cap of $3.59 billion, a PE ratio of 18.65, a P/E/G ratio of 1.08 and a beta of 1.58. The firm has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $26.86.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 5.8%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group raised 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 shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $38.13.

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.