HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,715,087 shares of the real estate investment trust's stock after buying an additional 262,443 shares during the quarter. Northern Trust Corp owned 1.45% of HA Sustainable Infrastructure Capital worth $46,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HASI. JPMorgan Chase & Co. raised its stake in HA Sustainable Infrastructure Capital by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust's stock worth $10,361,000 after acquiring an additional 89,126 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of HA Sustainable Infrastructure Capital during the fourth quarter valued at approximately $2,451,000. Harbor Capital Advisors Inc. raised its position in shares of HA Sustainable Infrastructure Capital by 42.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust's stock valued at $1,932,000 after buying an additional 21,446 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of HA Sustainable Infrastructure Capital by 23.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust's stock valued at $986,000 after buying an additional 6,990 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of HA Sustainable Infrastructure Capital by 174.5% during the fourth quarter. Schroder Investment Management Group now owns 721,183 shares of the real estate investment trust's stock valued at $19,263,000 after buying an additional 458,435 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 0.8%

HA Sustainable Infrastructure Capital stock traded up $0.21 during midday trading on Wednesday, hitting $27.60. 569,969 shares of the company's stock were exchanged, compared to its average volume of 1,134,879. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $36.56. The firm has a 50-day moving average of $26.67 and a two-hundred day moving average of $28.14. The company has a market cap of $3.42 billion, a PE ratio of 17.47, a P/E/G ratio of 1.06 and a beta of 1.71.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. As a group, analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Wednesday, July 2nd. HA Sustainable Infrastructure Capital's payout ratio is 161.54%.

Analyst Upgrades and Downgrades

HASI has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price for the company. Truist Financial assumed coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 target price for the company. Robert W. Baird dropped 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 note on Tuesday, April 15th. Finally, 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 for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Moderate Buy" and a consensus price target of $38.83.

HA Sustainable Infrastructure Capital Company 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.