Geode Capital Management LLC Purchases 46,733 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Geode Capital Management LLC raised its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,683,617 shares of the real estate investment trust's stock after purchasing an additional 46,733 shares during the quarter. Geode Capital Management LLC owned 2.27% of HA Sustainable Infrastructure Capital worth $72,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legend Financial Advisors Inc. bought a new position in HA Sustainable Infrastructure Capital during the fourth quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in shares of 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 valued at $29,000 after purchasing an additional 394 shares during the last quarter. Smartleaf Asset Management LLC raised its position in HA Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 439 shares during the period. Roxbury Financial LLC bought a new stake in HA Sustainable Infrastructure Capital in the fourth quarter worth $39,000. Finally, Allworth Financial LP boosted its position in HA Sustainable Infrastructure Capital by 1,267.2% during 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 period. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 1.1 %

Shares of HASI stock traded up $0.26 during mid-day trading on Thursday, reaching $24.10. 253,963 shares of the company's stock traded hands, compared to its average volume of 1,140,715. The company's 50-day moving average price is $27.85 and its 200-day moving average price is $29.38. The company has a market cap of $2.92 billion, a P/E ratio of 15.26, a P/E/G ratio of 1.06 and a beta of 1.83. 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, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced 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 return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million during the quarter, compared to analysts' expectations of $25.93 million. On average, equities analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 6.97%. HA Sustainable Infrastructure Capital's payout ratio is presently 106.33%.

Analyst Upgrades and Downgrades

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

HA Sustainable Infrastructure Capital 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.