35,823 Shares in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,823 shares of the real estate investment trust's stock, valued at approximately $1,001,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in shares of HA Sustainable Infrastructure Capital by 1,267.2% in the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 1,584 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of HA Sustainable Infrastructure Capital by 26.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 75,646 shares of the real estate investment trust's stock worth $2,030,000 after acquiring an additional 16,043 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of HA Sustainable Infrastructure Capital by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 574,402 shares of the real estate investment trust's stock worth $15,411,000 after acquiring an additional 25,682 shares during the last quarter. Truist Financial Corp grew its stake in shares of HA Sustainable Infrastructure Capital by 5.1% in the fourth quarter. Truist Financial Corp now owns 9,293 shares of the real estate investment trust's stock worth $249,000 after acquiring an additional 449 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth $278,000. 96.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HASI has been the topic of a number of recent research reports. 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 target price on the stock. Wall Street Zen cut HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Robert W. Baird lowered their price objective 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, HA Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and an average price target of $38.00.

HA Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $25.66 on Friday. The business's fifty day moving average price is $25.74 and its 200-day moving average price is $27.24. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 0.94 and a beta of 1.68. The company has a debt-to-equity ratio of 1.91, a current ratio of 11.04 and a quick ratio of 11.04. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $36.56.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be issued a $0.42 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 6.55%. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 161.54%.

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.

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