Figure 8 Investment Strategies LLC Reduces Position in HA Sustainable Infrastructure Capital, Inc. $HASI

Figure 8 Investment Strategies LLC trimmed its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 72,979 shares of the real estate investment trust’s stock after selling 4,719 shares during the quarter. HA Sustainable Infrastructure Capital comprises approximately 1.9% of Figure 8 Investment Strategies LLC’s portfolio, making the stock its 18th biggest position. Figure 8 Investment Strategies LLC owned about 0.06% of HA Sustainable Infrastructure Capital worth $1,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter valued at about $29,000. Legend Financial Advisors Inc. bought a new position in HA Sustainable Infrastructure Capital during the second quarter valued at approximately $27,000. Signaturefd LLC boosted its holdings in HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 495 shares during the last quarter. Garde Capital Inc. purchased a new stake in HA Sustainable Infrastructure Capital in the first quarter worth approximately $35,000. Finally, Parallel Advisors LLC raised its stake in HA Sustainable Infrastructure Capital by 3,221.5% during the 1st quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 2,094 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $30.69 on Friday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.16 and a beta of 1.61. The firm has a fifty day moving average price of $27.95 and a 200 day moving average price of $26.97. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.5%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 108.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HASI. UBS Group raised their price target on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Wall Street Zen raised HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price target on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Saturday, September 27th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.13.

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.