Truvestments Capital LLC Has $3.89 Million Holdings in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Truvestments Capital LLC significantly increased its stake in HA Sustainable Infrastructure Capital, Inc. by 623.5%, acquiring a total of 133,151 shares valued at approximately $3.89 million.
• HA Sustainable Infrastructure Capital announced a quarterly dividend of $0.42 per share, equating to an annualized yield of 6.0%, with the ex-dividend date set for October 3rd.
• Analysts have shown positive sentiment towards HA Sustainable Infrastructure Capital, with a consensus rating of "Buy" and a price target increase to $39.00 from UBS Group.

Truvestments Capital LLC lifted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 623.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,151 shares of the real estate investment trust's stock after purchasing an additional 114,748 shares during the quarter. Truvestments Capital LLC owned about 0.11% of HA Sustainable Infrastructure Capital worth $3,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of HA Sustainable Infrastructure Capital by 2.3% during 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 purchasing an additional 311,184 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of HA Sustainable Infrastructure Capital by 7.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock valued at $146,811,000 after purchasing an additional 330,314 shares in the last quarter. Northern Trust Corp raised its stake in shares of HA Sustainable Infrastructure Capital by 18.1% during the fourth quarter. Northern Trust Corp now owns 1,715,087 shares of the real estate investment trust's stock valued at $46,016,000 after purchasing an additional 262,443 shares in the last quarter. Vontobel Holding Ltd. raised its stake 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 in the last quarter. Finally, Citigroup Inc. raised its position in HA Sustainable Infrastructure Capital by 40.0% in the first quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock worth $38,345,000 after acquiring an additional 374,946 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Price Performance

HA Sustainable Infrastructure Capital stock traded up $0.25 during midday trading on Monday, hitting $28.20. The company's stock had a trading volume of 873,561 shares, compared to its average volume of 1,122,152. The stock's 50-day moving average price is $27.01 and its 200-day moving average price 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 company has a market capitalization of $3.51 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58. 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 disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders 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 yield of 6.0%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is presently 108.39%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HASI shares. UBS Group boosted their price target on shares of 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. 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital has a consensus rating of "Buy" and an average price target 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.