Norges Bank Acquires New Stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Norges Bank purchased a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,138,895 shares of the real estate investment trust's stock, valued at approximately $30,557,000. Norges Bank owned about 0.96% of HA Sustainable Infrastructure Capital at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in shares of HA Sustainable Infrastructure Capital by 4.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 65,812 shares of the real estate investment trust's stock valued at $2,269,000 after acquiring an additional 2,713 shares during the period. FMR LLC lifted its holdings in HA Sustainable Infrastructure Capital by 12.2% during the third quarter. FMR LLC now owns 1,153,215 shares of the real estate investment trust's stock valued at $39,751,000 after purchasing an additional 125,387 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of HA Sustainable Infrastructure Capital by 40.5% in the third quarter. Verition Fund Management LLC now owns 11,733 shares of the real estate investment trust's stock worth $404,000 after purchasing an additional 3,384 shares during the period. HighTower Advisors LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 26.6% in the third quarter. HighTower Advisors LLC now owns 17,074 shares of the real estate investment trust's stock worth $592,000 after purchasing an additional 3,589 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of HA Sustainable Infrastructure Capital during the 3rd quarter valued at $5,616,000. Institutional investors own 96.14% of the company's stock.

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HA Sustainable Infrastructure Capital Trading Up 1.3 %

NYSE HASI traded up $0.31 during trading hours on Friday, hitting $23.04. 2,010,003 shares of the company were exchanged, compared to its average volume of 1,135,666. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The stock has a 50-day moving average price of $28.19 and a 200 day moving average price of $29.63. The stock has a market cap of $2.79 billion, a PE ratio of 14.58, 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 released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. 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 declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.29%. HA Sustainable Infrastructure Capital's payout ratio is currently 106.33%.

Analyst Upgrades and Downgrades

HASI has been the subject of a number of analyst reports. Wells Fargo & Company assumed coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price target for the company. Citigroup raised HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. Truist Financial began coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a "buy" rating and a $40.00 price target for the company. The Goldman Sachs Group reduced their price objective on shares of 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. Finally, JPMorgan Chase & Co. dropped 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 report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.