HA Sustainable Infrastructure Capital, Inc. $HASI Shares Sold by Raymond James Financial Inc.

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. trimmed its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 about 0.12% of HA Sustainable Infrastructure Capital worth $4,482,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT purchased a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth approximately $29,000. Signaturefd LLC increased its stake 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. purchased a new stake in HA Sustainable Infrastructure Capital in the 1st quarter worth approximately $35,000. Parallel Advisors LLC grew its stake in 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 worth $63,000 after acquiring an additional 2,094 shares during the period. Finally, Cheviot Value Management LLC purchased a new stake in HA Sustainable Infrastructure Capital in the 1st quarter worth approximately $70,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HASI has been the subject of several recent analyst reports. 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 research note on Monday, August 11th. 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. 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 company. Based on data from MarketBeat, HA Sustainable Infrastructure Capital has an average rating of "Buy" and an average target price of $37.38.

HA Sustainable Infrastructure Capital Trading Down 1.7%

Shares of HASI traded down $0.49 during mid-day trading on Monday, reaching $27.71. The company had a trading volume of 883,172 shares, compared to its average volume of 986,541. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58. The firm has a fifty day simple moving average of $27.14 and a 200-day simple moving average of $26.87. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 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.