Erste Asset Management GmbH Has $55.61 Million Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Erste Asset Management GmbH has decreased its holdings in HA Sustainable Infrastructure Capital by 10.7% during the first quarter, resulting in ownership of 1,890,779 shares valued at approximately $55.61 million.
• A number of analyst firms have upgraded their ratings for HA Sustainable Infrastructure Capital, with UBS raising its price target from $38.00 to $39.00 and a consensus average rating of "Buy".
• The company recently announced a quarterly dividend of $0.42 per share, translating to an annualized yield of 6.0%, even as its dividend payout ratio stands at 108.39%.

Erste Asset Management GmbH decreased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,890,779 shares of the real estate investment trust's stock after selling 226,701 shares during the period. Erste Asset Management GmbH owned about 1.53% of HA Sustainable Infrastructure Capital worth $55,608,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in HA Sustainable Infrastructure Capital in the first quarter worth approximately $29,000. Signaturefd LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 72.4% in 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. acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter worth $35,000. Parallel Advisors LLC lifted its position in HA Sustainable Infrastructure Capital by 3,221.5% in the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 2,094 shares during the period. Finally, Cheviot Value Management LLC bought a new position in HA Sustainable Infrastructure Capital in the first quarter worth $70,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HASI. UBS Group lifted their price objective on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a report on Monday, August 11th. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $37.90.

HA Sustainable Infrastructure Capital Trading Up 1.1%

NYSE HASI opened at $27.7990 on Wednesday. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.04 and a beta of 1.62. The stock's 50 day moving average price is $26.76 and its two-hundred day moving average price is $26.90. 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.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.0%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 108.39%.

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.

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