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

State of New Jersey Common Pension Fund D raised its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 74,064 shares of the real estate investment trust’s stock after buying an additional 5,827 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in HA Sustainable Infrastructure Capital were worth $1,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HASI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in HA Sustainable Infrastructure Capital by 441.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust’s stock valued at $58,404,000 after purchasing an additional 1,628,182 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $19,058,000. Nuveen LLC purchased a new stake in HA Sustainable Infrastructure Capital in the first quarter valued at approximately $12,371,000. Citigroup Inc. raised its position in HA Sustainable Infrastructure Capital by 40.0% in the first quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust’s stock valued at $38,345,000 after purchasing an additional 374,946 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in HA Sustainable Infrastructure Capital by 7.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust’s stock valued at $146,811,000 after purchasing an additional 330,314 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $27.67 on Friday. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average price of $29.03 and a 200 day moving average price of $27.22. The company has a market cap of $3.44 billion, a P/E ratio of 17.85, a PEG ratio of 1.05 and a beta of 1.61. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HASI. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company 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. UBS Group lifted 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 report on Monday, August 11th. Finally, The Goldman Sachs Group lifted their price objective on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.