State of New Jersey Common Pension Fund D Boosts Holdings in HA Sustainable Infrastructure Capital, Inc. $HASI

State of New Jersey Common Pension Fund D raised its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,064 shares of the real estate investment trust’s stock after purchasing an additional 5,827 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of HA Sustainable Infrastructure Capital worth $1,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HASI. GAMMA Investing LLC lifted its holdings 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 valued at $171,000 after purchasing an additional 1,400 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in HA Sustainable Infrastructure Capital during the first quarter valued at $506,000. Principal Financial Group Inc. lifted its holdings in HA Sustainable Infrastructure Capital by 3.1% during the first quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust’s stock valued at $17,318,000 after purchasing an additional 17,880 shares in the last quarter. Aurora Private Wealth Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth about $675,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital by 4.3% in the first quarter. Envestnet Asset Management Inc. now owns 221,645 shares of the real estate investment trust’s stock worth $6,481,000 after buying an additional 9,125 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HASI. 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. The Goldman Sachs Group boosted their target price on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock 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. Finally, UBS Group boosted their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.13.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI stock opened at $27.67 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The firm’s 50-day moving average is $29.03 and its two-hundred day moving average is $27.22. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56. The company has a market capitalization of $3.44 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.61.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 6.1%. HA Sustainable Infrastructure Capital’s payout ratio is 108.39%.

HA Sustainable Infrastructure Capital Company 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.