Vontobel Holding Ltd. Sells 1,423,171 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Vontobel Holding Ltd. drastically reduced its stake in HA Sustainable Infrastructure Capital by 92.6%, selling 1,423,171 shares and retaining only 113,620 shares, valued at approximately $3.05 million.
• HA Sustainable Infrastructure Capital declared a quarterly dividend of $0.42 per share, with an annualized yield of 5.7%, despite a payout ratio of 108.39%.
• Analysts have a consensus target price of $38.13 for HA Sustainable Infrastructure Capital, with several upgrades indicating a generally positive outlook for the company.

Vontobel Holding Ltd. reduced its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 92.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,620 shares of the real estate investment trust's stock after selling 1,423,171 shares during the quarter. Vontobel Holding Ltd. owned about 0.09% of HA Sustainable Infrastructure Capital worth $3,052,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HASI. GAMMA Investing LLC boosted its stake in HA Sustainable Infrastructure Capital by 31.5% during the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the real estate investment trust's stock worth $171,000 after acquiring an additional 1,400 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in HA Sustainable Infrastructure Capital in the first quarter worth $880,000. Principal Financial Group Inc. raised its holdings in HA Sustainable Infrastructure Capital by 3.1% in the first quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust's stock worth $17,318,000 after purchasing an additional 17,880 shares during the period. State of Alaska Department of Revenue increased its position in shares of HA Sustainable Infrastructure Capital by 9.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 72,042 shares of the real estate investment trust's stock valued at $1,934,000 after buying an additional 6,127 shares in the last quarter. Finally, Aurora Private Wealth Inc. bought a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at $675,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Trading Down 3.5%

Shares of NYSE:HASI opened at $29.54 on Friday. The company's 50-day moving average price is $28.31 and its two-hundred day moving average price is $26.98. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The stock has a market capitalization of $3.67 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.61.

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 paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HASI. UBS Group boosted their target price on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, August 11th. The Goldman Sachs Group lifted their price objective on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday. 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, September 19th. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital 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.

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