Perpetual Ltd Sells 82,904 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Perpetual Ltd reduced its holdings in HA Sustainable Infrastructure Capital by 44.0% in the second quarter, owning 105,596 shares worth approximately $2.84 million after selling 82,904 shares.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42 per share, with a dividend yield of 5.8% and a payout ratio of 108.39%.
• Analysts have raised their price targets for HA Sustainable Infrastructure Capital, with JPMorgan Chase increasing its target from $42.00 to $45.00, indicating a positive outlook with an overall average target of $38.13.

Perpetual Ltd lowered its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 44.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,596 shares of the real estate investment trust's stock after selling 82,904 shares during the quarter. Perpetual Ltd owned approximately 0.09% of HA Sustainable Infrastructure Capital worth $2,836,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HASI. Zions Bancorporation National Association UT acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth about $29,000. Signaturefd LLC increased its position in shares of HA Sustainable Infrastructure Capital by 72.4% during the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $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 during the 1st quarter worth about $35,000. Parallel Advisors LLC grew its holdings in 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 acquiring an additional 2,094 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new stake in HA Sustainable Infrastructure Capital during the 1st quarter worth about $70,000. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 1.3%

HASI traded up $0.38 during trading on Tuesday, reaching $29.32. 219,010 shares of the stock were exchanged, compared to its average volume of 1,232,954. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. The stock's 50 day moving average price is $27.37 and its two-hundred day moving average price is $26.85. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. The stock has a market cap of $3.65 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is presently 108.39%.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of research analyst reports. UBS Group increased their price objective 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. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday. One investment 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 stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Buy" and a consensus price target of $38.13.

HA Sustainable Infrastructure Capital Company 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.