Cornerstone Select Advisors LLC Makes New $464,000 Investment in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Cornerstone Select Advisors LLC purchased a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,292 shares of the real estate investment trust's stock, valued at approximately $464,000.

Other hedge funds also recently bought and sold shares of the company. Crestline Management LP bought a new position in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth approximately $331,000. Cetera Investment Advisers grew its position in HA Sustainable Infrastructure Capital by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 21,539 shares of the real estate investment trust's stock valued at $578,000 after purchasing an additional 2,082 shares in the last quarter. Bridgefront Capital LLC increased its stake in HA Sustainable Infrastructure Capital by 16.2% in the 4th quarter. Bridgefront Capital LLC now owns 9,417 shares of the real estate investment trust's stock valued at $253,000 after buying an additional 1,314 shares during the last quarter. Ardsley Advisory Partners LP lifted its position in HA Sustainable Infrastructure Capital by 18.8% during the 4th quarter. Ardsley Advisory Partners LP now owns 30,000 shares of the real estate investment trust's stock worth $805,000 after buying an additional 4,750 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth about $266,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HASI shares. Robert W. Baird lowered their target price on 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. JPMorgan Chase & Co. lowered their price target on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Truist Financial initiated 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 for the company. Finally, Wells Fargo & Company started coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an "overweight" rating and a $33.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.92.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HA Sustainable Infrastructure Capital stock traded up $1.06 on Friday, hitting $26.96. The stock had a trading volume of 1,558,653 shares, compared to its average volume of 1,135,328. The business's 50 day moving average is $26.74 and its two-hundred day moving average is $28.28. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month 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.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.84% and a net margin of 52.15%. The company had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. Analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 106.33%.

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.