Optimize Financial Inc Takes $280,000 Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Optimize Financial Inc acquired a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,435 shares of the real estate investment trust’s stock, valued at approximately $280,000.

Several other large investors also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth $27,000. Blue Trust Inc. raised its holdings in HA Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 394 shares during the period. Smartleaf Asset Management LLC lifted its position in HA Sustainable Infrastructure Capital by 46.7% during the fourth 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 in the last quarter. Roxbury Financial LLC bought a new stake in HA Sustainable Infrastructure Capital during the fourth quarter valued at about $39,000. Finally, Allworth Financial LP grew its holdings in HA Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Citigroup raised shares of 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 note on Wednesday, January 8th. 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 price target for the company. 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, JPMorgan Chase & Co. lowered their target price on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

HA Sustainable Infrastructure Capital Trading Up 1.3 %

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

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued 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 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, analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be paid a dividend of $0.42 per share. This is a positive change 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%. The ex-dividend date of this dividend is Friday, April 4th. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) 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.