Strs Ohio Acquires Shares of 21,700 HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Strs Ohio has acquired 21,700 shares of HA Sustainable Infrastructure Capital, Inc. ($HASI), valued around $635,000, marking a new investment in the real estate investment trust during the 1st quarter.
• Other major investors, including Vanguard Group and UBS Asset Management, have also increased their stakes in HASI, reflecting strong institutional interest, with 96.14% of the stock owned by such investors.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42, yielding approximately 5.8%, with a payout ratio of 108.39%, indicating strong shareholder returns despite high distribution levels.

Strs Ohio purchased a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,700 shares of the real estate investment trust's stock, valued at approximately $635,000.

Several other large investors have also recently made changes to their positions in HASI. Cetera Investment Advisers raised its stake in shares of HA Sustainable Infrastructure Capital by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 21,539 shares of the real estate investment trust's stock worth $578,000 after acquiring an additional 2,082 shares in the last quarter. Millennium Management LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 171.3% in the fourth quarter. Millennium Management LLC now owns 436,586 shares of the real estate investment trust's stock worth $11,714,000 after purchasing an additional 275,647 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 0.7% in the fourth quarter. Nuveen Asset Management LLC now owns 359,850 shares of the real estate investment trust's stock worth $9,655,000 after purchasing an additional 2,469 shares during the last quarter. Royal Bank of Canada boosted its holdings in HA Sustainable Infrastructure Capital by 8.7% in the fourth quarter. Royal Bank of Canada now owns 644,053 shares of the real estate investment trust's stock valued at $17,279,000 after acquiring an additional 51,401 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in HA Sustainable Infrastructure Capital by 103.3% in the fourth quarter. Squarepoint Ops LLC now owns 69,752 shares of the real estate investment trust's stock valued at $1,871,000 after acquiring an additional 35,447 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HASI has been the topic of several recent analyst reports. UBS Group lifted 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 report on Monday, August 11th. JPMorgan Chase & Co. lifted their price target on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, 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 investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $38.13.

HA Sustainable Infrastructure Capital Trading Up 1.6%

NYSE:HASI traded up $0.45 during midday trading on Tuesday, hitting $29.39. 473,237 shares of the company traded hands, compared to its average volume of 1,234,436. The firm's fifty day moving average is $27.37 and its 200-day moving average is $26.85. The firm has a market capitalization of $3.65 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.08 and a beta of 1.58. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is 108.39%.

HA Sustainable Infrastructure Capital Company 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.