HA Sustainable Infrastructure Capital, Inc. $HASI Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in HA Sustainable Infrastructure Capital, Inc. by 6.3%, now owning approximately $71.53 million worth of shares.
• The company recently declared a quarterly dividend of $0.42 per share, resulting in an annualized yield of 6.0% with a payout ratio of 108.39%.
• HA Sustainable Infrastructure Capital has an average rating of "Buy" from analysts, with a consensus target price of $37.38.

Amundi decreased its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,447,950 shares of the real estate investment trust's stock after selling 163,277 shares during the quarter. Amundi owned 1.98% of HA Sustainable Infrastructure Capital worth $71,534,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in HA Sustainable Infrastructure Capital by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock valued at $396,389,000 after acquiring an additional 311,184 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of HA Sustainable Infrastructure Capital by 7.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock worth $146,811,000 after buying an additional 330,314 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of HA Sustainable Infrastructure Capital by 7.8% during the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after buying an additional 110,617 shares in the last quarter. Citigroup Inc. grew its position in shares of HA Sustainable Infrastructure Capital by 40.0% during the first quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock worth $38,345,000 after buying an additional 374,946 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of HA Sustainable Infrastructure Capital by 36.8% during the fourth quarter. Deutsche Bank AG now owns 1,031,732 shares of the real estate investment trust's stock worth $27,681,000 after buying an additional 277,734 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HASI shares. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group raised their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $37.38.

HA Sustainable Infrastructure Capital Stock Performance

HASI traded down $0.35 during trading hours on Friday, hitting $27.99. 610,219 shares of the stock were exchanged, compared to its average volume of 895,462. The stock has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $26.88. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a yield of 6.0%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) 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.