Cornerstone Select Advisors LLC Takes Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Cornerstone Select Advisors LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,292 shares of the real estate investment trust's stock, valued at approximately $464,000.

Other hedge funds have also recently made changes to their positions in the company. Crestline Management LP purchased a new stake in HA Sustainable Infrastructure Capital during the fourth quarter valued at approximately $331,000. Cetera Investment Advisers increased its holdings in HA Sustainable Infrastructure Capital by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 21,539 shares of the real estate investment trust's stock valued at $578,000 after buying an additional 2,082 shares during the last quarter. Bridgefront Capital LLC increased its holdings in HA Sustainable Infrastructure Capital by 16.2% during the fourth 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 increased its holdings in HA Sustainable Infrastructure Capital by 18.8% during the fourth quarter. Ardsley Advisory Partners LP now owns 30,000 shares of the real estate investment trust's stock valued at $805,000 after buying an additional 4,750 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in HA Sustainable Infrastructure Capital during the fourth quarter valued at approximately $266,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Stock Up 1.4%

HA Sustainable Infrastructure Capital stock traded up $0.37 during trading hours on Monday, reaching $27.34. The stock had a trading volume of 402,461 shares, compared to its average volume of 1,130,056. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.06 and a beta of 1.71. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The business's 50 day moving average price is $26.74 and its 200-day moving average price is $28.20. 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 - Get Free Report) last announced 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). The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate 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 anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 6.14%. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 161.54%.

Analysts Set New Price Targets

A number of analysts have commented on HASI shares. Truist Financial initiated coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price for the company. Wells Fargo & Company began 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 target price for the company. Robert W. Baird lowered their price objective on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective 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 assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and a consensus price target 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.