Essex Investment Management Co. LLC Cuts Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Essex Investment Management Co. LLC cut its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 13.1% during the 1st quarter, HoldingsChannel reports. The firm owned 49,063 shares of the real estate investment trust’s stock after selling 7,377 shares during the quarter. Essex Investment Management Co. LLC’s holdings in HA Sustainable Infrastructure Capital were worth $1,435,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 495 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth about $35,000. Parallel Advisors LLC increased its position in shares of HA Sustainable Infrastructure Capital by 3,221.5% during the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 2,094 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of HA Sustainable Infrastructure Capital by 830.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,640 shares of the real estate investment trust’s stock worth $98,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth about $146,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird dropped their target price on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen lowered HA Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.40.

HA Sustainable Infrastructure Capital Stock Down 0.3%

Shares of HA Sustainable Infrastructure Capital stock opened at $27.60 on Wednesday. The firm has a market cap of $3.35 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.03 and a beta of 1.68. The business has a 50-day moving average price of $26.54 and a 200 day moving average price of $27.04. 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 quick ratio of 11.04, a current ratio of 11.04 and a debt-to-equity ratio of 1.91.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, July 2nd were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 6.09%. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 161.54%.

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.