Janney Montgomery Scott LLC Sells 2,927 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Janney Montgomery Scott LLC lessened its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,430 shares of the real estate investment trust’s stock after selling 2,927 shares during the period. Janney Montgomery Scott LLC’s holdings in HA Sustainable Infrastructure Capital were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in 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 during the last quarter. GSA Capital Partners LLP acquired a new position in HA Sustainable Infrastructure Capital during the first quarter valued at approximately $880,000. Principal Financial Group Inc. grew its holdings in 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 during the last quarter. State of Alaska Department of Revenue grew its holdings in HA Sustainable Infrastructure Capital by 9.3% during the second 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 purchasing an additional 6,127 shares during the last quarter. Finally, Aurora Private Wealth Inc. acquired a new position in HA Sustainable Infrastructure Capital during the first quarter valued at approximately $675,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HASI shares. JPMorgan Chase & Co. increased their price target on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. The Goldman Sachs Group raised their price objective on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, UBS Group raised their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.13.

HA Sustainable Infrastructure Capital Stock Up 0.5%

HASI opened at $29.88 on Wednesday. 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 debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The firm’s fifty day moving average price is $28.48 and its two-hundred day moving average price is $26.99. The company has a market capitalization of $3.72 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.11 and a beta of 1.61.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm 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 dividend of $0.42 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 5.6%. HA Sustainable Infrastructure Capital’s payout ratio is currently 108.39%.

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.