Public Sector Pension Investment Board Has $11.03 Million Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• The Public Sector Pension Investment Board increased its stake in HA Sustainable Infrastructure Capital, acquiring an additional 82,082 shares, bringing its total holdings to 377,294 shares, valued at approximately $11 million.
• HA Sustainable Infrastructure Capital's stock has received a range of ratings, with nine analysts giving it a buy rating and a consensus target price of $37.90, up from $38.00.
• The company recently announced a quarterly dividend of $0.42 per share, resulting in an annualized yield of 6.2%, although it has a payout ratio exceeding 108%.

Public Sector Pension Investment Board raised its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 27.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 377,294 shares of the real estate investment trust's stock after buying an additional 82,082 shares during the quarter. Public Sector Pension Investment Board owned about 0.30% of HA Sustainable Infrastructure Capital worth $11,032,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in HA Sustainable Infrastructure Capital by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 451,502 shares of the real estate investment trust's stock valued at $12,114,000 after buying an additional 9,573 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of HA Sustainable Infrastructure Capital by 14.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 212,520 shares of the real estate investment trust's stock worth $5,702,000 after acquiring an additional 26,560 shares during the last quarter. Bank of Montreal Can raised its position in shares of HA Sustainable Infrastructure Capital by 17.3% during the fourth quarter. Bank of Montreal Can now owns 15,477 shares of the real estate investment trust's stock worth $415,000 after acquiring an additional 2,288 shares during the last quarter. Raymond James Financial Inc. bought a new stake in HA Sustainable Infrastructure Capital in the fourth quarter valued at about $4,623,000. Finally, Sterling Capital Management LLC increased its holdings 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 purchasing an additional 3,249 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI traded down $0.03 during midday trading on Monday, hitting $27.61. The company's stock had a trading volume of 527,629 shares, compared to its average volume of 1,282,391. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The company's fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $26.89. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.04 and a beta of 1.62.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.42 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 6.1%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 108.39%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HASI. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group increased their target price 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. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.