Royal Bank of Canada Acquires 17,242 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Royal Bank of Canada increased its stake in HA Sustainable Infrastructure Capital, Inc. by 2.7% to a total of 661,295 shares, worth approximately $19.3 million.
• HA Sustainable Infrastructure Capital declared a quarterly dividend of $0.42 per share, representing an annualized dividend yield of 6.1%.
• Analysts have given HA Sustainable Infrastructure Capital a consensus rating of "Buy" with an average price target of $37.38, following recent upgrades from several research firms.

Royal Bank of Canada boosted its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 661,295 shares of the real estate investment trust's stock after purchasing an additional 17,242 shares during the period. Royal Bank of Canada owned about 0.53% of HA Sustainable Infrastructure Capital worth $19,337,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HASI. Vanguard Group Inc. lifted its position in HA Sustainable Infrastructure Capital by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after acquiring an additional 311,184 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in HA Sustainable Infrastructure Capital by 7.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,020,891 shares of the real estate investment trust's stock worth $146,811,000 after acquiring an additional 330,314 shares during the last quarter. Vontobel Holding Ltd. lifted its position in HA Sustainable Infrastructure Capital by 7.8% during the first quarter. Vontobel Holding Ltd. now owns 1,536,791 shares of the real estate investment trust's stock worth $44,936,000 after acquiring an additional 110,617 shares during the last quarter. Citigroup Inc. raised its position in shares of HA Sustainable Infrastructure Capital by 40.0% in the first quarter. Citigroup Inc. now owns 1,311,379 shares of the real estate investment trust's stock valued at $38,345,000 after buying an additional 374,946 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of HA Sustainable Infrastructure Capital by 36.8% in the fourth quarter. Deutsche Bank AG now owns 1,031,732 shares of the real estate investment trust's stock valued at $27,681,000 after buying an additional 277,734 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HASI shares. UBS Group lifted their price target on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital currently has an average rating of "Buy" and a consensus price target of $37.38.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded up $0.05 during midday trading on Monday, reaching $28.00. 65,689 shares of the company were exchanged, compared to its average volume of 1,236,193. The stock's 50-day moving average price is $27.19 and its 200-day moving average price is $26.85. The stock has a market cap of $3.48 billion, a P/E ratio of 18.04, a PEG ratio of 1.05 and a beta of 1.58. HA Sustainable Infrastructure Capital, Inc. has a one year low of $21.98 and a one year high of $36.56. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is presently 108.39%.

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.