HA Sustainable Infrastructure Capital (NYSE:HASI) Cut to "Sell" at Wall Street Zen

Wall Street Zen cut shares of HA Sustainable Infrastructure Capital (NYSE:HASI - Free Report) from a hold rating to a sell rating in a research report report published on Thursday morning.

Several other equities research analysts also recently issued reports on HASI. Robert W. Baird cut their price target on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company initiated coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price on the stock. Finally, Truist Financial began coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a "buy" rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

HA Sustainable Infrastructure Capital Stock Down 0.5%

Shares of NYSE HASI traded down $0.14 during midday trading on Thursday, reaching $25.29. The company's stock had a trading volume of 1,116,004 shares, compared to its average volume of 1,133,478. The stock has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $27.73. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.06 and a beta of 1.71. HA Sustainable Infrastructure Capital has a fifty-two week low of $21.98 and a fifty-two week high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be issued a $0.42 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.68 annualized dividend and a yield of 6.64%. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 161.54%.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in HA Sustainable Infrastructure Capital by 1.1% in the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 377 shares during the period. Blue Trust Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 394 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of HA Sustainable Infrastructure Capital by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust's stock valued at $679,000 after purchasing an additional 402 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust's stock valued at $482,000 after purchasing an additional 432 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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.