Versor Investments LP acquired a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the real estate investment trust's stock, valued at approximately $292,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in HA Sustainable Infrastructure Capital in the fourth quarter valued at $4,623,000. Mariner LLC lifted its stake in HA Sustainable Infrastructure Capital by 3.7% in the fourth quarter. Mariner LLC now owns 21,819 shares of the real estate investment trust's stock valued at $585,000 after buying an additional 786 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in HA Sustainable Infrastructure Capital by 2.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 139,905 shares of the real estate investment trust's stock valued at $3,753,000 after buying an additional 3,135 shares during the last quarter. First Trust Advisors LP lifted its stake in HA Sustainable Infrastructure Capital by 14.3% in the fourth quarter. First Trust Advisors LP now owns 582,051 shares of the real estate investment trust's stock valued at $15,616,000 after buying an additional 73,031 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in HA Sustainable Infrastructure Capital by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 68,585 shares of the real estate investment trust's stock valued at $1,840,000 after buying an additional 3,738 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.
HA Sustainable Infrastructure Capital Stock Performance
Shares of NYSE HASI traded down $0.09 during midday trading on Wednesday, reaching $28.00. 713,920 shares of the company traded hands, compared to its average volume of 1,203,851. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The stock has a 50-day moving average price of $26.92 and a 200 day moving average price of $26.91. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.05 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. Shareholders of record on Friday, October 3rd will be given a $0.42 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a yield of 6.0%. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on HASI shares. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Buy" and a consensus target price of $37.90.
View Our Latest Research Report on HASI
About HA Sustainable Infrastructure Capital
(
Free Report)
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.
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