Bank of New York Mellon Corp Has $51.83 Million Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bank of New York Mellon Corp decreased its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 19.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,772,695 shares of the real estate investment trust’s stock after selling 436,199 shares during the period. Bank of New York Mellon Corp owned about 1.43% of HA Sustainable Infrastructure Capital worth $51,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of HA Sustainable Infrastructure Capital by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 402 shares in the last quarter. Figure 8 Investment Strategies LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 0.7% during the first quarter. Figure 8 Investment Strategies LLC now owns 77,698 shares of the real estate investment trust’s stock worth $2,272,000 after buying an additional 565 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of HA Sustainable Infrastructure Capital by 1.5% during the fourth quarter. Maryland State Retirement & Pension System now owns 39,899 shares of the real estate investment trust’s stock worth $1,070,000 after buying an additional 574 shares in the last quarter. Atria Investments Inc increased its holdings in shares of HA Sustainable Infrastructure Capital by 5.9% during the fourth quarter. Atria Investments Inc now owns 10,376 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 581 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of HA Sustainable Infrastructure Capital by 6.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,084 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 693 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

HASI has been the subject of a number of research reports. Wall Street Zen lowered shares of HA Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Robert W. Baird lowered their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI stock opened at $27.38 on Friday. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The stock has a market cap of $3.32 billion, a PE ratio of 26.32, a PEG ratio of 1.03 and a beta of 1.68. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04. The firm’s 50 day moving average price is $26.48 and its two-hundred day moving average price is $27.04.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.14%. HA Sustainable Infrastructure Capital’s dividend payout ratio is 161.54%.

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.