Swedbank AB Sells 241,489 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Swedbank AB cut its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 7.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,188,776 shares of the real estate investment trust’s stock after selling 241,489 shares during the quarter. Swedbank AB’s holdings in HA Sustainable Infrastructure Capital were worth $93,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HASI. Zions Bancorporation National Association UT bought a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $29,000. Signaturefd LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 495 shares during the last quarter. Garde Capital Inc. bought a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $35,000. Parallel Advisors LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 3,221.5% in the first quarter. Parallel Advisors LLC now owns 2,159 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 2,094 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $70,000. 96.14% of the stock is owned by institutional investors.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI stock opened at $27.99 on Friday. The stock has a 50-day moving average price of $27.19 and a 200 day moving average price of $26.88. 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 firm has a market cap of $3.48 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.06 and a beta of 1.58. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 108.39%.

Analyst Upgrades and Downgrades

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

About HA Sustainable Infrastructure Capital

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.