HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 330,936 shares of the real estate investment trust’s stock after selling 11,616 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of HA Sustainable Infrastructure Capital worth $9,677,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 394 shares during the period. Smartleaf Asset Management LLC raised 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 worth $37,000 after purchasing an additional 439 shares during the period. Roxbury Financial LLC purchased a new position in HA Sustainable Infrastructure Capital in the fourth quarter valued at approximately $39,000. Allworth Financial LP raised its stake 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 valued at $46,000 after acquiring an additional 1,584 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $25.95 on Tuesday. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.98 and a 12-month high of $36.56. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.06 and a beta of 1.68. The business has a 50 day simple moving average of $25.48 and a 200 day simple moving average of $27.50. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Wednesday, July 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 161.54%.

Analysts Set New Price Targets

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

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.