Royal Bank of Canada Buys 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 stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers boosted its position in HA Sustainable Infrastructure Capital by 10.7% during the fourth quarter. Cetera Investment Advisers now owns 21,539 shares of the real estate investment trust's stock valued at $578,000 after acquiring an additional 2,082 shares during the last quarter. Deutsche Bank AG boosted its position in HA Sustainable Infrastructure Capital by 36.8% during 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 acquiring an additional 277,734 shares during the last quarter. Janus Henderson Group PLC boosted its position in HA Sustainable Infrastructure Capital by 1.5% during the fourth quarter. Janus Henderson Group PLC now owns 105,281 shares of the real estate investment trust's stock valued at $2,825,000 after acquiring an additional 1,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in HA Sustainable Infrastructure Capital by 6.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,744 shares of the real estate investment trust's stock valued at $1,764,000 after acquiring an additional 4,257 shares during the last quarter. Finally, Millennium Management LLC boosted its position in HA Sustainable Infrastructure Capital by 171.3% during the fourth quarter. Millennium Management LLC now owns 436,586 shares of the real estate investment trust's stock valued at $11,714,000 after acquiring an additional 275,647 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Stock Up 1.4%

Shares of HASI traded up $0.40 on Monday, reaching $28.35. The company's stock had a trading volume of 776,675 shares, compared to its average volume of 834,756. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. The stock has a market capitalization of $3.53 billion, a PE ratio of 18.29, a PEG ratio of 1.05 and a beta of 1.58. The firm has a fifty day moving average of $27.23 and a 200-day moving average of $26.85.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

Analyst Ratings Changes

A number of brokerages have commented on HASI. UBS Group upped 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 raised shares of HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $37.38.

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.