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

Key Points

• Victory Capital Management Inc. reduced its holdings in HA Sustainable Infrastructure Capital by 14.3%, now owning 118,763 shares, valued at approximately $3.47 million, after selling 19,784 shares in the first quarter.
• HA Sustainable Infrastructure Capital has declared a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 6.06%, with a high dividend payout ratio of 161.54%.
• Analyst ratings for HA Sustainable Infrastructure Capital show mixed sentiments, with some downgrading the stock, leading to a consensus target price of $38.40 and an average rating of "Moderate Buy."

Victory Capital Management Inc. lessened its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 14.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,763 shares of the real estate investment trust's stock after selling 19,784 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of HA Sustainable Infrastructure Capital worth $3,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HASI. FMR LLC increased its holdings in HA Sustainable Infrastructure Capital by 393.3% during the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock worth $152,624,000 after purchasing an additional 4,535,345 shares during the period. Norges Bank purchased a new stake in HA Sustainable Infrastructure Capital during the 4th quarter worth about $30,557,000. Wellington Management Group LLP increased its holdings in HA Sustainable Infrastructure Capital by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock worth $379,790,000 after purchasing an additional 949,253 shares during the period. Tidal Investments LLC increased its holdings in HA Sustainable Infrastructure Capital by 2,466.7% during the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock worth $18,762,000 after purchasing an additional 672,031 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in HA Sustainable Infrastructure Capital by 52.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,395,573 shares of the real estate investment trust's stock worth $37,443,000 after purchasing an additional 482,097 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analyst Upgrades and Downgrades

HASI has been the topic of several recent research reports. Robert W. Baird cut their price target on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen lowered HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.40.

HA Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI traded down $0.40 during trading hours on Thursday, reaching $26.45. The stock had a trading volume of 205,978 shares, compared to its average volume of 1,274,829. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.04 and a beta of 1.68. The company has a current ratio of 11.04, a quick ratio of 11.04 and a debt-to-equity ratio of 1.91. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The firm has a 50-day moving average of $26.54 and a 200-day moving average of $27.04.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, July 2nd were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.35%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 161.54%.

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.