HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 62.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 96,973 shares of the real estate investment trust's stock after selling 159,294 shares during the period. Federated Hermes Inc. owned 0.08% of HA Sustainable Infrastructure Capital worth $2,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in HA Sustainable Infrastructure Capital by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after purchasing an additional 949,253 shares during the period. Vanguard Group Inc. grew its stake in shares of HA Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock valued at $355,369,000 after buying an additional 156,695 shares during the period. Geode Capital Management LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock valued at $72,018,000 after buying an additional 46,733 shares during the period. Bank of New York Mellon Corp raised its position in shares of HA Sustainable Infrastructure Capital by 37.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock worth $59,265,000 after buying an additional 602,456 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in HA Sustainable Infrastructure Capital by 6.2% in the fourth quarter. Vontobel Holding Ltd. now owns 1,426,174 shares of the real estate investment trust's stock valued at $38,264,000 after acquiring an additional 83,106 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 commented on the company. Robert W. Baird cut their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday. Wells Fargo & Company initiated 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 target price on the stock. Citigroup raised HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a research report on Wednesday, January 8th. Truist Financial assumed coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, HA Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and an average price target of $39.29.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock traded up $0.37 during trading hours on Friday, reaching $24.21. The stock had a trading volume of 939,916 shares, compared to its average volume of 1,143,837. The firm has a market capitalization of $2.93 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. The firm has a 50-day simple moving average of $27.76 and a 200-day simple moving average of $29.31. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55.

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

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 annualized dividend and a dividend yield of 6.94%. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's payout ratio is currently 106.33%.

HA Sustainable Infrastructure Capital Company 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.