HA Sustainable Infrastructure Capital (NYSE:HASI) Trading Down 4.1% - Should You Sell?

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) dropped 4.1% during trading on Tuesday . The stock traded as low as $26.13 and last traded at $26.18. Approximately 192,452 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,153,711 shares. The stock had previously closed at $27.31.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective on the stock. Wall Street Zen downgraded HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Robert W. Baird lowered their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

HA Sustainable Infrastructure Capital Price Performance

The stock has a market cap of $3.13 billion, a PE ratio of 16.36, a P/E/G ratio of 1.06 and a beta of 1.68. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. The business has a 50 day moving average price of $25.58 and a two-hundred day moving average price of $27.36.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.68 annualized dividend and a dividend yield of 6.50%. HA Sustainable Infrastructure Capital's payout ratio is presently 161.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HASI. Zions Bancorporation National Association UT purchased a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at $29,000. Signaturefd LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 495 shares during the last quarter. Garde Capital Inc. bought a new stake in HA Sustainable Infrastructure Capital in the first quarter valued at $35,000. Smartleaf Asset Management LLC increased its position in shares of HA Sustainable Infrastructure Capital by 46.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 439 shares during the period. Finally, Allworth Financial LP raised its position in shares of HA Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 1,584 shares in the last quarter. Institutional investors 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.

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