Deprince Race & Zollo Inc. Sells 285,550 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Deprince Race & Zollo Inc. trimmed its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,097,348 shares of the real estate investment trust's stock after selling 285,550 shares during the period. HA Sustainable Infrastructure Capital makes up 1.1% of Deprince Race & Zollo Inc.'s portfolio, making the stock its 16th biggest position. Deprince Race & Zollo Inc. owned 1.77% of HA Sustainable Infrastructure Capital worth $56,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HASI. Wellington Management Group LLP increased its stake in HA Sustainable Infrastructure Capital by 7.2% during the fourth 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. Vanguard Group Inc. raised its position in shares of HA Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock worth $355,369,000 after purchasing an additional 156,695 shares during the period. FMR LLC boosted its position in HA Sustainable Infrastructure Capital by 393.3% during 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 period. Geode Capital Management LLC grew its stake in HA Sustainable Infrastructure Capital by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock worth $72,018,000 after buying an additional 46,733 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in HA Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock worth $59,265,000 after buying an additional 602,456 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

NYSE HASI traded up $0.44 during midday trading on Tuesday, hitting $27.00. The company had a trading volume of 773,427 shares, compared to its average volume of 1,172,946. The firm has a fifty day simple moving average of $26.70 and a two-hundred day simple moving average of $28.14. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.06 and a beta of 1.71. 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, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) 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 business had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Equities analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.22%. HA Sustainable Infrastructure Capital's payout ratio is presently 161.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HASI shares. JPMorgan Chase & Co. dropped 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 report on Thursday, January 23rd. 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 target on the stock. Robert W. Baird decreased 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. Finally, Truist Financial started coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a "buy" rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and a consensus 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.