First Trust Advisors LP Acquires 73,031 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

First Trust Advisors LP grew its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 582,051 shares of the real estate investment trust's stock after acquiring an additional 73,031 shares during the period. First Trust Advisors LP owned 0.49% of HA Sustainable Infrastructure Capital worth $15,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HASI. Legend Financial Advisors Inc. bought a new position in HA Sustainable Infrastructure Capital in the 4th quarter valued at $27,000. Blue Trust Inc. raised its stake in shares of HA Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after buying an additional 394 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of HA Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 439 shares during the period. Roxbury Financial LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter worth $39,000. Finally, Allworth Financial LP grew its position in shares of HA Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,584 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HASI shares. Citigroup raised shares of HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company assumed coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price target on the stock. Truist Financial began coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, Robert W. Baird dropped their price target on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.92.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock traded up $0.50 during trading on Friday, reaching $25.41. 195,172 shares of the company's stock were exchanged, compared to its average volume of 1,141,313. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. The firm's fifty day moving average price is $27.04 and its 200-day moving average price is $28.65. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $3.15 billion, a PE ratio of 16.07, a PEG ratio of 1.06 and a beta of 1.83.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $37.74 million during the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Friday, April 4th. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's payout ratio is currently 106.33%.

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.