Crestline Management LP Takes Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Crestline Management LP bought a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,345 shares of the real estate investment trust's stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HASI. FMR LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after purchasing an additional 4,535,345 shares during the last quarter. Norges Bank purchased a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at approximately $30,557,000. Wellington Management Group LLP grew its stake in shares of HA Sustainable Infrastructure Capital by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after purchasing an additional 949,253 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of HA Sustainable Infrastructure Capital by 37.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after buying an additional 602,456 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 52.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,395,573 shares of the real estate investment trust's stock valued at $37,443,000 after buying an additional 482,097 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Trading Up 0.2%

HASI stock traded up $0.07 during trading on Friday, reaching $28.42. 416,189 shares of the stock traded hands, compared to its average volume of 1,133,344. The business's 50 day moving average price is $26.60 and its 200-day moving average price is $28.09. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. 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 firm has a market capitalization of $3.52 billion, a PE ratio of 18.03, a P/E/G ratio of 1.06 and a beta of 1.71.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $25.93 million. As a group, sell-side analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently declared 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 dividend yield of 5.91%. The ex-dividend date is Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 161.54%.

Analysts Set New Price Targets

Several analysts have recently commented on HASI shares. StockNews.com raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Wednesday. Robert W. Baird reduced their price objective on 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. Truist Financial assumed coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective for the company. Wells Fargo & Company assumed coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective for the company. Finally, 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 report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $38.83.

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.