Bridgefront Capital LLC Purchases 1,314 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Bridgefront Capital LLC grew its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,417 shares of the real estate investment trust’s stock after purchasing an additional 1,314 shares during the period. Bridgefront Capital LLC’s holdings in HA Sustainable Infrastructure Capital were worth $253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in 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 increased its stake 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 acquiring an additional 439 shares during the period. Roxbury Financial LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth $39,000. Allworth Financial LP raised its position 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 in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in HA Sustainable Infrastructure Capital during the fourth quarter worth $47,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on HASI. Robert W. Baird lowered their target price on 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. Truist Financial started coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. Wells Fargo & Company started 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 on the stock. Finally, JPMorgan Chase & Co. dropped their price target on 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 assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, HA Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average price target of $38.92.

HA Sustainable Infrastructure Capital Stock Up 0.3 %

Shares of HA Sustainable Infrastructure Capital stock opened at $25.86 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.06 and a beta of 1.71. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The stock’s 50-day moving average is $26.76 and its 200 day moving average is $28.33. 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 issued 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 net margin of 52.15% and a return on equity of 11.84%. The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Equities research analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.68 annualized dividend and a dividend yield of 6.50%. HA Sustainable Infrastructure Capital’s payout ratio is 106.33%.

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.