HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stock Position Lifted by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 582,051 shares of the real estate investment trust’s stock after acquiring an additional 73,031 shares during the period. First Trust Advisors LP owned about 0.49% of HA Sustainable Infrastructure Capital worth $15,616,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of 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 worth $16,441,000 after purchasing an additional 6,911 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in HA Sustainable Infrastructure Capital in the third quarter valued at $73,000. Franklin Resources Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital by 3.1% during the third quarter. Franklin Resources Inc. now owns 379,832 shares of the real estate investment trust’s stock valued at $13,298,000 after acquiring an additional 11,254 shares during the period. JPMorgan Chase & Co. grew its position in shares of HA Sustainable Infrastructure Capital by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after acquiring an additional 89,126 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital in the 4th quarter worth about $27,000. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $25.11 on Monday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 1.83. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The business has a fifty day simple moving average of $27.31 and a 200 day simple moving average of $28.83.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results 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). The firm had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, sell-side analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.69%. This is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, April 4th. HA Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HASI. JPMorgan Chase & Co. reduced their price objective on 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. Wells Fargo & Company started 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 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 note on Wednesday, January 8th. Truist Financial assumed coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average target price of $38.92.

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.