Maryland State Retirement & Pension System Increases Stock Position in HA Sustainable Infrastructure Capital, Inc. $HASI

Maryland State Retirement & Pension System lifted its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,540 shares of the real estate investment trust’s stock after buying an additional 855 shares during the period. Maryland State Retirement & Pension System’s holdings in HA Sustainable Infrastructure Capital were worth $955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HASI. GAMMA Investing LLC increased its stake in HA Sustainable Infrastructure Capital by 31.5% during the first quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,400 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth about $880,000. Principal Financial Group Inc. increased its position in HA Sustainable Infrastructure Capital by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust’s stock worth $17,318,000 after purchasing an additional 17,880 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in HA Sustainable Infrastructure Capital by 9.3% in the second quarter. State of Alaska Department of Revenue now owns 72,042 shares of the real estate investment trust’s stock valued at $1,934,000 after buying an additional 6,127 shares during the period. Finally, Aurora Private Wealth Inc. acquired a new position in HA Sustainable Infrastructure Capital during the first quarter valued at approximately $675,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HASI. Wall Street Zen raised HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, October 8th. UBS Group increased their price objective on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group boosted their target price on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital Stock Down 3.5%

HASI stock opened at $29.54 on Monday. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $26.97. The company has a market capitalization of $3.67 billion, a P/E ratio of 19.06, a PEG ratio of 1.10 and a beta of 1.61. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 annualized dividend and a dividend yield of 5.7%. HA Sustainable Infrastructure Capital’s payout ratio is presently 108.39%.

HA Sustainable Infrastructure Capital 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.