Raymond James Financial Inc. Invests $4.62 Million in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Raymond James Financial Inc. acquired a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,316 shares of the real estate investment trust's stock, valued at approximately $4,623,000. Raymond James Financial Inc. owned approximately 0.15% of HA Sustainable Infrastructure Capital as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rathbones Group PLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 1.1% during the fourth quarter. Rathbones Group PLC now owns 559,517 shares of the real estate investment trust's stock worth $15,012,000 after buying an additional 5,894 shares in the last quarter. Bank of Montreal Can raised its holdings in HA Sustainable Infrastructure Capital by 17.3% in the 4th quarter. Bank of Montreal Can now owns 15,477 shares of the real estate investment trust's stock valued at $415,000 after acquiring an additional 2,288 shares during the last quarter. FMR LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 393.3% during the fourth quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock worth $152,624,000 after purchasing an additional 4,535,345 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital by 14.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 212,520 shares of the real estate investment trust's stock worth $5,702,000 after purchasing an additional 26,560 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in HA Sustainable Infrastructure Capital by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 451,502 shares of the real estate investment trust's stock valued at $12,114,000 after purchasing an additional 9,573 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HASI. Citigroup raised shares of HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Wednesday, January 8th. Truist Financial assumed coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective for the company. Robert W. Baird cut their target price 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. Wells Fargo & Company initiated 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 for the company. Finally, JPMorgan Chase & Co. cut their price objective on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, HA Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and an average target price of $38.92.

HA Sustainable Infrastructure Capital Stock Up 1.5 %

Shares of HA Sustainable Infrastructure Capital stock traded up $0.37 on Thursday, hitting $25.35. 151,322 shares of the company's stock traded hands, compared to its average volume of 1,143,538. 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 $3.14 billion, a P/E ratio of 16.04, a PEG ratio of 1.06 and a beta of 1.83. The firm's 50-day moving average is $27.11 and its 200 day moving average is $28.72.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its 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). HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Equities analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 6.63%. HA Sustainable Infrastructure Capital's dividend payout ratio is 106.33%.

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.