HA Sustainable Infrastructure Capital, Inc. $HASI Shares Sold by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC has reduced its stake in HA Sustainable Infrastructure Capital by 22.4%, now holding 54,753 shares valued at approximately $1.6 million.
• The company recently announced a quarterly dividend of $0.42 per share, representing a 6.0% yield and an annualized payout of $1.68.
• Brokerages are optimistic about the stock's future, with a consensus rating of "Buy" and an average price target of $37.38.

Granahan Investment Management LLC trimmed its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 22.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 54,753 shares of the real estate investment trust's stock after selling 15,829 shares during the period. Granahan Investment Management LLC's holdings in HA Sustainable Infrastructure Capital were worth $1,601,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HASI. Signaturefd LLC boosted its position in shares of HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after buying an additional 495 shares during the period. Figure 8 Investment Strategies LLC increased its stake in HA Sustainable Infrastructure Capital by 0.7% during the 1st quarter. Figure 8 Investment Strategies LLC now owns 77,698 shares of the real estate investment trust's stock worth $2,272,000 after buying an additional 565 shares during the period. Xponance Inc. increased its stake in HA Sustainable Infrastructure Capital by 6.3% during the 1st quarter. Xponance Inc. now owns 9,570 shares of the real estate investment trust's stock worth $280,000 after buying an additional 571 shares during the period. Evergreen Capital Management LLC increased its stake in HA Sustainable Infrastructure Capital by 4.7% during the 1st quarter. Evergreen Capital Management LLC now owns 14,699 shares of the real estate investment trust's stock worth $430,000 after buying an additional 655 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in HA Sustainable Infrastructure Capital by 6.1% in the first quarter. Avantax Advisory Services Inc. now owns 12,788 shares of the real estate investment trust's stock valued at $374,000 after purchasing an additional 738 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI traded up $0.66 on Thursday, hitting $28.40. The company had a trading volume of 324,215 shares, compared to its average volume of 1,243,296. The business has a 50 day moving average of $27.16 and a 200 day moving average of $26.88. 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 market cap of $3.53 billion, a PE ratio of 18.34, a PEG ratio of 1.04 and a beta of 1.58. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued a $0.42 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.68 annualized dividend and a yield of 5.9%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 108.39%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HASI shares. Wall Street Zen upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group lifted their target price 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. One 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 company. According to data from MarketBeat, HA Sustainable Infrastructure Capital currently has an average rating of "Buy" and an average price target of $37.38.

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.