HA Sustainable Infrastructure Capital (NYSE:HASI) Shares Down 4.1% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

HA Sustainable Infrastructure Capital Trading Down 5.3%

The stock has a 50 day simple moving average of $25.58 and a 200-day simple moving average of $27.36. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The firm has a market cap of $3.13 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.06 and a beta of 1.68.

HA Sustainable Infrastructure Capital Dividend Announcement

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

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently modified their holdings of HASI. Congress Asset Management Co. boosted its stake in HA Sustainable Infrastructure Capital by 4.7% during the fourth quarter. Congress Asset Management Co. now owns 39,839 shares of the real estate investment trust’s stock worth $1,069,000 after buying an additional 1,772 shares during the period. Allworth Financial LP boosted its stake in shares of HA Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,584 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in HA Sustainable Infrastructure Capital by 26.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,646 shares of the real estate investment trust’s stock valued at $2,030,000 after purchasing an additional 16,043 shares during the last quarter. Principal Financial Group Inc. raised its position in HA Sustainable Infrastructure Capital by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 574,402 shares of the real estate investment trust’s stock worth $15,411,000 after purchasing an additional 25,682 shares during the period. Finally, Truist Financial Corp lifted its stake in HA Sustainable Infrastructure Capital by 5.1% in the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.