Franklin Resources Inc. Has $10.84 Million Stock Holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Franklin Resources Inc. lifted its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,834 shares of the real estate investment trust's stock after purchasing an additional 24,002 shares during the quarter. Franklin Resources Inc. owned 0.34% of HA Sustainable Infrastructure Capital worth $10,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of HA Sustainable Infrastructure Capital by 7.2% in the 4th 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. increased its position in shares of HA Sustainable Infrastructure Capital by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock worth $355,369,000 after acquiring an additional 156,695 shares in the last quarter. State Street Corp raised its holdings in shares of HA Sustainable Infrastructure Capital by 1.0% during the third quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock worth $152,575,000 after acquiring an additional 42,762 shares during the period. Geode Capital Management LLC boosted its stake in HA Sustainable Infrastructure Capital by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust's stock worth $90,912,000 after purchasing an additional 53,799 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in HA Sustainable Infrastructure Capital by 37.5% during 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 purchasing an additional 602,456 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

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HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI traded up $0.39 during midday trading on Monday, reaching $23.40. 145,720 shares of the stock were exchanged, compared to its average volume of 1,134,243. 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 market cap of $2.83 billion, a P/E ratio of 14.81, a PEG ratio of 1.06 and a beta of 1.83. The stock's 50 day simple moving average is $28.10 and its 200 day simple moving average is $29.53. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83.

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

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Friday, April 4th. This is an increase from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's payout ratio is 106.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company began coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 price target for the company. JPMorgan Chase & Co. reduced their price objective 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. The Goldman Sachs Group lowered their target price on HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Citigroup upgraded HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. Finally, Truist Financial assumed coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital has an average rating of "Moderate Buy" and a consensus target price of $39.71.

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.