HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by AGF Management Ltd.

Key Points

• AGF Management Ltd. has reduced its stake in HA Sustainable Infrastructure Capital, Inc. by 9.3%, holding 353,211 shares worth approximately $10.3 million after selling 36,262 shares in the first quarter.
• The company recently declared a quarterly dividend of $0.42 per share, with an annualized yield of 6.5%; the payout ratio stands at 108.39%.
• Analyst ratings for HA Sustainable Infrastructure Capital show a consensus of "Moderate Buy" with an average price target of $37.90, indicating potential for growth despite recent price adjustments.

AGF Management Ltd. lowered its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 9.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 353,211 shares of the real estate investment trust's stock after selling 36,262 shares during the quarter. AGF Management Ltd. owned about 0.29% of HA Sustainable Infrastructure Capital worth $10,328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HASI. Zions Bancorporation National Association UT purchased a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at about $29,000. Signaturefd LLC lifted its position 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 acquiring an additional 495 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth approximately $35,000. Parallel Advisors LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 3,221.5% during the 1st 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 last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth approximately $70,000. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 3.6%

Shares of HA Sustainable Infrastructure Capital stock traded up $0.97 during trading hours on Friday, reaching $27.65. 1,824,306 shares of the company were exchanged, compared to its average volume of 1,177,506. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The stock's fifty day moving average is $26.70 and its 200 day moving average is $26.91. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81. The firm has a market cap of $3.44 billion, a PE ratio of 17.84, a PEG ratio of 1.01 and a beta of 1.62.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced 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. This represents a $1.68 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is 108.39%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HASI. UBS Group upped 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 report on Saturday, August 9th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital currently has an average rating of "Moderate Buy" and an average price target of $37.90.

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.