HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,835 shares of the real estate investment trust’s stock after selling 4,011 shares during the period. Cerity Partners LLC’s holdings in HA Sustainable Infrastructure Capital were worth $518,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Amalgamated Bank raised its holdings in HA Sustainable Infrastructure Capital by 1.1% in the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 377 shares during the period. Blue Trust Inc. grew its holdings in HA Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of HA Sustainable Infrastructure Capital by 1.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock valued at $679,000 after buying an additional 402 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 432 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 439 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company initiated coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective on the stock. Citigroup raised HA Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Truist Financial assumed coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average target price of $39.29.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $23.49 on Tuesday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 14.87, a PEG ratio of 1.06 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. 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 50 day moving average price of $27.60 and a 200 day moving average price of $29.10.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Equities research analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were issued a $0.42 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.15%. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital’s payout ratio is 106.33%.

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.