Alliancebernstein L.P. Grows Holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Alliancebernstein L.P. grew its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 101.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 296,475 shares of the real estate investment trust's stock after acquiring an additional 149,465 shares during the quarter. Alliancebernstein L.P. owned about 0.25% of HA Sustainable Infrastructure Capital worth $7,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HASI. Legend Financial Advisors Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital during the fourth quarter worth about $27,000. Blue Trust Inc. grew its stake in HA Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after buying an additional 394 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 worth $37,000 after buying an additional 439 shares during the last quarter. Roxbury Financial LLC acquired a new position in HA Sustainable Infrastructure Capital during the fourth quarter worth approximately $39,000. Finally, Allworth Financial LP lifted its stake in HA Sustainable Infrastructure Capital by 1,267.2% in the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,584 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Analysts Set New Price Targets

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

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI traded up $0.26 on Thursday, reaching $24.10. 253,963 shares of the company were exchanged, compared to its average volume of 1,140,715. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56. The company has a 50-day moving average of $27.85 and a 200-day moving average of $29.38. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83.

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

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.97%. This is an increase from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date is Friday, April 4th. HA Sustainable Infrastructure Capital's payout ratio is presently 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.