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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HASI. Zions Bancorporation National Association UT bought a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $29,000. Signaturefd LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 72.4% in the 1st 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 during the period. Garde Capital Inc. bought a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $35,000. Parallel Advisors LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 3,221.5% in the 1st 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 during the period. Finally, Cheviot Value Management LLC bought a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at approximately $70,000. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HASI. JPMorgan Chase & Co. upped their price objective on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group boosted their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital Trading Up 0.8%

NYSE:HASI traded up $0.22 during trading hours on Friday, hitting $28.90. 1,969,049 shares of the stock were exchanged, compared to its average volume of 838,933. The company's 50 day moving average is $27.33 and its two-hundred day moving average is $26.86. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. 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 capitalization of $3.59 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 annualized dividend and a yield of 5.8%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 108.39%.

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.