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

Figure 8 Investment Strategies LLC lessened its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,979 shares of the real estate investment trust’s stock after selling 4,719 shares during the period. HA Sustainable Infrastructure Capital makes up about 1.9% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 18th largest position. Figure 8 Investment Strategies LLC’s holdings in HA Sustainable Infrastructure Capital were worth $1,960,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HASI. Abundance Wealth Counselors grew its stake in shares of HA Sustainable Infrastructure Capital by 4.3% in the 2nd quarter. Abundance Wealth Counselors now owns 42,439 shares of the real estate investment trust’s stock worth $1,140,000 after buying an additional 1,759 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 3.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 106,741 shares of the real estate investment trust’s stock valued at $2,867,000 after acquiring an additional 3,290 shares during the last quarter. PFG Investments LLC grew its position in HA Sustainable Infrastructure Capital by 2.1% in the second quarter. PFG Investments LLC now owns 222,499 shares of the real estate investment trust’s stock worth $5,976,000 after acquiring an additional 4,540 shares in the last quarter. State of Alaska Department of Revenue grew its position 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 worth $1,934,000 after acquiring an additional 6,127 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in HA Sustainable Infrastructure Capital by 39.5% during the second quarter. Eagle Global Advisors LLC now owns 59,933 shares of the real estate investment trust’s stock worth $1,610,000 after acquiring an additional 16,972 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $30.69 on Friday. The company has a market cap of $3.82 billion, a PE ratio of 19.80, a P/E/G ratio of 1.16 and a beta of 1.61. 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, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. The firm’s 50 day moving average price is $27.95 and its 200-day moving average price is $26.97.

HA Sustainable Infrastructure Capital Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HASI shares. JPMorgan Chase & Co. raised their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Saturday, September 27th. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, UBS Group boosted 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. 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, the company has an average rating of “Moderate Buy” and a consensus price target 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.