Deutsche Bank AG Acquires 277,734 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Deutsche Bank AG increased its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 36.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,031,732 shares of the real estate investment trust's stock after buying an additional 277,734 shares during the quarter. Deutsche Bank AG owned 0.87% of HA Sustainable Infrastructure Capital worth $27,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its stake in HA Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after acquiring an additional 4,535,345 shares during the period. Norges Bank bought a new stake in HA Sustainable Infrastructure Capital in the 4th quarter valued at about $30,557,000. Wellington Management Group LLP raised its stake in HA Sustainable Infrastructure Capital by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after acquiring an additional 949,253 shares during the period. Bank of New York Mellon Corp raised its stake in HA Sustainable Infrastructure Capital by 37.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after acquiring an additional 602,456 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of HA Sustainable Infrastructure Capital by 52.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,395,573 shares of the real estate investment trust's stock valued at $37,443,000 after buying an additional 482,097 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HASI. Wells Fargo & Company began coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an "overweight" rating and a $33.00 price target on the stock. Robert W. Baird decreased 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 report on Tuesday, April 15th. Truist Financial began coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. decreased 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. Finally, StockNews.com upgraded HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of "Buy" and an average target price of $38.00.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded up $0.19 on Friday, hitting $28.54. The stock had a trading volume of 1,097,004 shares, compared to its average volume of 1,137,698. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $36.56. 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 cap of $3.54 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. The business's 50-day simple moving average is $26.60 and its two-hundred day simple moving average is $28.00.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, research analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 161.54%.

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.