Groupe la Francaise Sells 13,650 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Groupe la Francaise reduced its stake in HA Sustainable Infrastructure Capital, Inc. by 20.4%, selling 13,650 shares, which brought its total holdings to 53,193 shares valued at approximately $1.56 million.
• HA Sustainable Infrastructure Capital has announced a quarterly dividend of $0.42 per share, translating to an annualized dividend of $1.68 and a yield of 5.8%.
• Wall Street analysts are optimistic about the company's future, with a consensus rating of "Buy" and an average price target of $37.90, reflecting positive growth expectations.

Groupe la Francaise decreased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,193 shares of the real estate investment trust's stock after selling 13,650 shares during the quarter. Groupe la Francaise's holdings in HA Sustainable Infrastructure Capital were worth $1,561,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of 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 worth $171,000 after purchasing an additional 1,400 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth $880,000. Principal Financial Group Inc. grew its stake in shares of HA Sustainable Infrastructure Capital by 3.1% in 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 purchasing an additional 17,880 shares in the last quarter. Aurora Private Wealth Inc. bought a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth $675,000. Finally, Apollon Wealth Management LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth $624,000. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Down 0.3%

Shares of HASI traded down $0.08 during midday trading on Thursday, reaching $27.93. 623,641 shares of the stock were exchanged, compared to its average volume of 1,265,361. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.98 and a 12-month high of $36.56. The firm has a 50 day simple moving average of $26.92 and a 200-day simple moving average of $26.91. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.05 and a beta of 1.62.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared 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 of this dividend 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 (DPR) is 108.39%.

Analyst Ratings Changes

HASI has been the subject of several research reports. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $37.90.

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.