HA Sustainable Infrastructure Capital (NYSE:HASI) Sets New 1-Year High After Dividend Announcement

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s stock price reached a new 52-week high during trading on Friday after the company announced a dividend. The stock traded as high as $32.29 and last traded at $30.7820, with a volume of 182173 shares changing hands. The stock had previously closed at $28.55.

The newly announced dividend which will be paid on Friday, January 9th. Shareholders of record on Monday, December 29th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, December 29th. HA Sustainable Infrastructure Capital’s dividend payout ratio is presently 108.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HASI shares. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, October 8th. UBS Group boosted 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. The Goldman Sachs Group lifted their target price on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.13.

HA Sustainable Infrastructure Capital Stock Up 8.5%

The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.05 and a beta of 1.63. 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 stock has a fifty day moving average of $29.04 and a two-hundred day moving average of $27.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HASI. Pallas Capital Advisors LLC increased its position in shares of HA Sustainable Infrastructure Capital by 4.3% in the third quarter. Pallas Capital Advisors LLC now owns 125,681 shares of the real estate investment trust’s stock valued at $3,858,000 after acquiring an additional 5,139 shares during the period. JPMorgan Chase & Co. raised its position in HA Sustainable Infrastructure Capital by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,060,698 shares of the real estate investment trust’s stock valued at $63,263,000 after purchasing an additional 323,361 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in HA Sustainable Infrastructure Capital by 5.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,744 shares of the real estate investment trust’s stock worth $2,387,000 after buying an additional 3,680 shares during the period. Public Sector Pension Investment Board lifted its stake in HA Sustainable Infrastructure Capital by 21.6% in the third quarter. Public Sector Pension Investment Board now owns 501,316 shares of the real estate investment trust’s stock worth $15,390,000 after acquiring an additional 89,078 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in HA Sustainable Infrastructure Capital by 8.5% in the third quarter. Illinois Municipal Retirement Fund now owns 64,399 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 5,031 shares in the last quarter. Hedge funds and other 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.