Russell Investments Group Ltd. Buys 97,749 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Russell Investments Group Ltd. increased its stake in HA Sustainable Infrastructure Capital by 31.2%, owning 410,606 shares valued at $12 million as of the latest SEC filing.
• The company has declared a quarterly dividend of $0.42 per share, with an annual yield of 6.1%, and a payout ratio of 108.39%.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with a new average price target of $37.90.

Russell Investments Group Ltd. boosted its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 31.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 410,606 shares of the real estate investment trust's stock after purchasing an additional 97,749 shares during the quarter. Russell Investments Group Ltd. owned 0.33% of HA Sustainable Infrastructure Capital worth $12,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in HA Sustainable Infrastructure Capital in the 1st quarter worth about $29,000. Signaturefd LLC raised its position in shares of HA Sustainable Infrastructure Capital by 72.4% in the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 495 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $35,000. Parallel Advisors LLC raised its position in shares of HA Sustainable Infrastructure Capital by 3,221.5% in the 1st quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 2,094 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $70,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HASI. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, HA Sustainable Infrastructure Capital has an average rating of "Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital Price Performance

Shares of HA Sustainable Infrastructure Capital stock traded up $1.18 during midday trading on Friday, hitting $28.54. 384,935 shares of the company traded hands, compared to its average volume of 1,272,087. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.05 and a beta of 1.62. 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 firm's fifty day moving average price is $26.78 and its 200-day moving average price is $26.90. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 5.9%. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.

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.