Russell Investments Group Ltd. Has $8.39 Million Stock Holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Russell Investments Group Ltd. decreased its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 27.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 312,857 shares of the real estate investment trust’s stock after selling 116,834 shares during the period. Russell Investments Group Ltd.’s holdings in HA Sustainable Infrastructure Capital were worth $8,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HASI. Legend Financial Advisors Inc. acquired a new position in HA Sustainable Infrastructure Capital during the fourth quarter worth $27,000. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 394 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 valued at $37,000 after acquiring an additional 439 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at approximately $39,000. Finally, Allworth Financial LP lifted its holdings in 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 worth $46,000 after purchasing an additional 1,584 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Up 1.3 %

Shares of HASI opened at $23.04 on Friday. The company has a market capitalization of $2.79 billion, a P/E ratio of 14.58, a PEG ratio of 1.06 and a beta of 1.83. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The business’s 50 day simple moving average is $28.10 and its 200-day simple moving average is $29.55. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its 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). 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 the consensus estimate of $25.93 million. As a group, sell-side analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a $0.42 dividend. The ex-dividend date is Friday, April 4th. This is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.29%. HA Sustainable Infrastructure Capital’s payout ratio is currently 106.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HASI. JPMorgan Chase & Co. dropped their price target on shares of 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. The Goldman Sachs Group dropped their target price on shares of HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Citigroup upgraded shares of HA Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, January 8th. Wells Fargo & Company assumed coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price objective on the stock. Finally, Truist Financial began coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a “buy” rating and a $40.00 target price for the company. One 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.71.

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.