HA Sustainable Infrastructure Capital (NYSE:HASI) Upgraded to Hold at Wall Street Zen

Key Points

• HA Sustainable Infrastructure Capital's rating was upgraded from "sell" to "hold" by Wall Street Zen, indicating a more favorable outlook.
• Robert W. Baird reduced the company's price target from $47.00 to $41.00, maintaining an "outperform" rating amidst mixed analyst opinions.
• Institutions currently own 96.14% of HA Sustainable Infrastructure Capital, with several hedge funds increasing their stakes in the company during the first quarter.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Separately, Robert W. Baird dropped their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.90.

HA Sustainable Infrastructure Capital Trading Up 1.4%

Shares of HASI traded up $0.36 during midday trading on Friday, hitting $26.58. 210,830 shares of the stock were exchanged, compared to its average volume of 1,277,992. HA Sustainable Infrastructure Capital has a 52-week low of $21.98 and a 52-week high of $36.56. The stock has a fifty day simple moving average of $26.58 and a 200 day simple moving average of $26.92. The firm has a market cap of $3.31 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.96 and a beta of 1.62. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HASI. Vanguard Group Inc. lifted its position in HA Sustainable Infrastructure Capital by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after buying an additional 311,184 shares in the last quarter. FMR LLC lifted its position in HA Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock worth $152,624,000 after buying an additional 4,535,345 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in HA Sustainable Infrastructure Capital by 7.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock worth $146,811,000 after buying an additional 330,314 shares in the last quarter. Geode Capital Management LLC lifted its position in HA Sustainable Infrastructure Capital by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,881,223 shares of the real estate investment trust's stock worth $77,399,000 after buying an additional 86,513 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in HA Sustainable Infrastructure Capital by 441.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock worth $58,404,000 after buying an additional 1,628,182 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

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.