The Manufacturers Life Insurance Company Sells 799 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

The Manufacturers Life Insurance Company trimmed its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 65,013 shares of the real estate investment trust’s stock after selling 799 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of HA Sustainable Infrastructure Capital worth $1,744,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of HA Sustainable Infrastructure Capital by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after acquiring an additional 89,126 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter valued at $2,451,000. Harbor Capital Advisors Inc. lifted its position in shares of HA Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after acquiring an additional 21,446 shares during the period. Nisa Investment Advisors LLC increased its stake in HA Sustainable Infrastructure Capital by 23.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust’s stock valued at $986,000 after acquiring an additional 6,990 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in HA Sustainable Infrastructure Capital by 174.5% in the fourth quarter. Schroder Investment Management Group now owns 721,183 shares of the real estate investment trust’s stock valued at $19,263,000 after acquiring an additional 458,435 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased 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. Truist Financial began 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 price objective on the stock. Robert W. Baird dropped their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company began coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.92.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $26.96 on Monday. The firm has a market cap of $3.34 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. The firm’s fifty day moving average is $26.74 and its 200-day moving average is $28.20. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $36.56.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly 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). The business had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. Sell-side analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.23%. The ex-dividend date is Wednesday, July 2nd. HA Sustainable Infrastructure Capital’s payout ratio is presently 161.54%.

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.