Public Sector Pension Investment Board Buys 82,082 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE: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 lifted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,294 shares of the real estate investment trust's stock after acquiring an additional 82,082 shares during the quarter. Public Sector Pension Investment Board owned 0.30% of HA Sustainable Infrastructure Capital worth $11,032,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HASI. Wells Fargo & Company MN boosted its stake in shares of HA Sustainable Infrastructure Capital by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 451,502 shares of the real estate investment trust's stock worth $12,114,000 after acquiring an additional 9,573 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 14.3% in 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 buying an additional 26,560 shares during the period. Bank of Montreal Can boosted its position in shares of HA Sustainable Infrastructure Capital by 17.3% in the fourth quarter. Bank of Montreal Can now owns 15,477 shares of the real estate investment trust's stock worth $415,000 after buying an additional 2,288 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth $4,623,000. Finally, Sterling Capital Management LLC boosted its position in shares of 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 worth $98,000 after buying an additional 3,249 shares during the period. 96.14% of the stock is owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Up 3.6%

Shares of NYSE:HASI traded up $0.97 during midday trading on Friday, hitting $27.65. 1,824,306 shares of the stock were exchanged, compared to its average volume of 1,177,506. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The business's fifty day simple moving average is $26.70 and its two-hundred day simple moving average is $26.91. The company has a market capitalization of $3.44 billion, a PE ratio of 17.84, a P/E/G ratio of 1.04 and a beta of 1.62.

HA Sustainable Infrastructure Capital Dividend Announcement

The company 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 dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

Analyst Upgrades and Downgrades

Several brokerages have 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 raised their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.90.

HA Sustainable Infrastructure Capital 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.