Raymond James Financial Inc. Sells 19,019 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Raymond James Financial Inc. has decreased its holdings in HA Sustainable Infrastructure Capital, Inc. (HASI) by 11.0%, owning 153,297 shares worth approximately $4.48 million after selling 19,019 shares.
• The company has announced a quarterly dividend of $0.42 per share, which translates to a 6.0% dividend yield, with a payout ratio currently at 108.39%.
• HA Sustainable Infrastructure Capital has received a range of analyst ratings, with an average rating of "Buy" and a target price of $37.38, following recent upgrades by several firms.

Raymond James Financial Inc. decreased its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 11.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 153,297 shares of the real estate investment trust's stock after selling 19,019 shares during the period. Raymond James Financial Inc. owned 0.12% of HA Sustainable Infrastructure Capital worth $4,482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 31.5% during the first quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock valued at $171,000 after purchasing an additional 1,400 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $880,000. Principal Financial Group Inc. increased its stake in shares of HA Sustainable Infrastructure Capital by 3.1% during the first quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust's stock valued at $17,318,000 after purchasing an additional 17,880 shares in the last quarter. Aurora Private Wealth Inc. bought a new position in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $675,000. Finally, Apollon Wealth Management LLC bought a new position in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $624,000. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 2.1%

Shares of HASI traded up $0.59 on Thursday, hitting $28.33. 869,226 shares of the stock traded hands, compared to its average volume of 898,155. The company has a market capitalization of $3.52 billion, a PE ratio of 18.28, a P/E/G ratio of 1.04 and a beta of 1.58. 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 business has a 50 day simple moving average of $27.18 and a 200 day simple moving average of $26.88. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given 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 dividend yield of 5.9%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 108.39%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HASI. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $37.38.

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.