Erste Asset Management GmbH Sells 226,701 Shares of 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 trimmed its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 1.53% of HA Sustainable Infrastructure Capital worth $55,608,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in HA Sustainable Infrastructure Capital by 31.5% in the first quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 1,400 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $880,000. Principal Financial Group Inc. increased its position in shares of 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 worth $17,318,000 after acquiring an additional 17,880 shares in the last quarter. Aurora Private Wealth Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at about $675,000. Finally, Apollon Wealth Management LLC acquired a new stake in HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $624,000. Institutional investors own 96.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HASI shares. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group increased their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $37.90.

HA Sustainable Infrastructure Capital Price Performance

NYSE:HASI traded down $0.32 on Monday, hitting $28.48. The company had a trading volume of 201,538 shares, compared to its average volume of 1,271,025. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. 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 stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.08 and a beta of 1.62. The firm has a 50 day moving average of $26.81 and a two-hundred day moving average of $26.89.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 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.