Raiffeisen Bank International AG Acquires New Position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Raiffeisen Bank International AG bought a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 250,000 shares of the real estate investment trust's stock, valued at approximately $6,678,000. Raiffeisen Bank International AG owned about 0.21% of HA Sustainable Infrastructure Capital at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HASI. FMR LLC grew its position in HA Sustainable Infrastructure Capital by 393.3% during 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 purchasing an additional 4,535,345 shares during the last quarter. Norges Bank purchased a new position in HA Sustainable Infrastructure Capital in the fourth quarter worth about $30,557,000. Wellington Management Group LLP lifted its stake in shares of HA Sustainable Infrastructure Capital by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock worth $379,790,000 after buying an additional 949,253 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of HA Sustainable Infrastructure Capital by 37.5% during the fourth 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 in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in HA Sustainable Infrastructure Capital by 52.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,395,573 shares of the real estate investment trust's stock worth $37,443,000 after acquiring an additional 482,097 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. cut their target price on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Truist Financial began coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target on the stock. Robert W. Baird reduced their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. StockNews.com raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company initiated 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. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $38.00.

HA Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI traded down $0.80 during midday trading on Wednesday, hitting $27.18. 356,632 shares of the company's stock traded hands, compared to its average volume of 1,132,777. The firm has a fifty day moving average of $26.58 and a 200 day moving average of $27.91. HA Sustainable Infrastructure Capital, Inc. has a 1 year low of $21.98 and a 1 year high of $36.56. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed 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 6.18%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 161.54%.

About HA Sustainable Infrastructure Capital

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.