Granahan Investment Management LLC Sells 15,829 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

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 lowered its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 22.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $29,000. Signaturefd LLC increased its holdings 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 valued at $34,000 after purchasing an additional 495 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $35,000. Parallel Advisors LLC increased its holdings in shares of 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 valued at $63,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Cheviot Value Management LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at approximately $70,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on HASI. Wall Street Zen raised shares of 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 shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $37.38.

HA Sustainable Infrastructure Capital Trading Down 1.7%

HASI traded down $0.49 during trading on Monday, reaching $27.71. 883,172 shares of the company's stock were exchanged, compared to its average volume of 986,541. The company's fifty day moving average price is $27.14 and its 200-day moving average price is $26.87. 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 fifty-two week low of $21.98 and a fifty-two week high of $36.56. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.87, a P/E/G ratio of 1.06 and a beta of 1.58.

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 given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

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.