HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 81.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 544,699 shares of the real estate investment trust's stock after buying an additional 244,112 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of HA Sustainable Infrastructure Capital worth $14,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in HA Sustainable Infrastructure Capital during the 4th quarter valued at about $27,000. Blue Trust Inc. grew 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 valued at $29,000 after buying an additional 394 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after buying an additional 439 shares during the period. Roxbury Financial LLC bought a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth approximately $39,000. Finally, Allworth Financial LP boosted its holdings in 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 valued at $46,000 after acquiring an additional 1,584 shares during the period. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Up 1.2 %

Shares of HASI traded up $0.29 during midday trading on Thursday, reaching $24.13. The stock had a trading volume of 229,562 shares, compared to its average volume of 1,140,551. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.06 and a beta of 1.83. 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 fifty day simple moving average is $27.85 and its two-hundred day simple moving average is $29.38. 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 (NYSE:HASI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Equities research analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.96%. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. HA Sustainable Infrastructure Capital's payout ratio is presently 106.33%.

Wall Street Analyst Weigh In

HASI has been the subject of several research analyst reports. Citigroup upgraded HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research report on Wednesday, January 8th. Robert W. Baird lowered 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 report on Tuesday. Truist Financial assumed coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company initiated coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.29.

HA Sustainable Infrastructure Capital 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.