Freestone Grove Partners LP Buys Shares of 9,908 HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Freestone Grove Partners LP acquired a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,908 shares of the real estate investment trust's stock, valued at approximately $266,000.

Several other hedge funds have also recently bought and sold shares of HASI. Legend Financial Advisors Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the fourth quarter worth $27,000. Blue Trust Inc. grew its stake in HA Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 394 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in HA Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 439 shares during the period. Roxbury Financial LLC acquired a new stake in HA Sustainable Infrastructure Capital in the 4th quarter valued at about $39,000. Finally, Allworth Financial LP boosted its stake in shares of HA Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,584 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock traded up $1.06 during mid-day trading on Friday, hitting $26.96. The stock had a trading volume of 1,558,653 shares, compared to its average volume of 1,132,885. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two 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 company's 50-day simple moving average is $26.74 and its 200-day simple moving average is $28.24. The firm has a market cap of $3.34 billion, a PE ratio of 17.06, a PEG ratio of 1.06 and a beta of 1.71.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $25.93 million. Sell-side analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 dividend yield of 6.23%. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 106.33%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company began coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price for the company. Finally, Truist Financial assumed coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a "buy" rating and a $40.00 price target on the stock. One investment 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 stock. Based on data from MarketBeat, the stock 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.