HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,469,697 shares of the real estate investment trust’s stock after selling 13,959 shares during the period. Invesco Ltd.’s holdings in HA Sustainable Infrastructure Capital were worth $39,432,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HASI. HighTower Advisors LLC grew 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 valued at $592,000 after buying an additional 3,589 shares in the last quarter. MML Investors Services LLC acquired a new position in HA Sustainable Infrastructure Capital in the 3rd quarter valued at about $352,000. Barclays PLC grew its position in HA Sustainable Infrastructure Capital by 1.5% in the 3rd quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock valued at $16,441,000 after acquiring an additional 6,911 shares in the last quarter. Geode Capital Management LLC increased its stake in HA Sustainable Infrastructure Capital by 2.1% during the third 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, Wilmington Savings Fund Society FSB acquired a new stake in shares of HA Sustainable Infrastructure Capital during the third quarter worth about $73,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

HA Sustainable Infrastructure Capital Stock Performance

Shares of HA Sustainable Infrastructure Capital stock opened at $23.88 on Thursday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 15.11, 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 52 week low of $21.98 and a 52 week high of $36.56. The firm’s 50 day moving average is $27.94 and its two-hundred day moving average is $29.42.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The company had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Research analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS 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. Stockholders of record on Friday, April 4th will be issued a $0.42 dividend. This is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, April 4th. HA Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

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.