HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,395,573 shares of the real estate investment trust's stock after acquiring an additional 482,097 shares during the period. Rockefeller Capital Management L.P. owned approximately 1.18% of HA Sustainable Infrastructure Capital worth $37,443,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HASI. Legend Financial Advisors Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth about $27,000. Blue Trust Inc. lifted its position in shares of HA Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after buying an additional 394 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of HA Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 439 shares during the last quarter. Roxbury Financial LLC acquired a new stake in HA Sustainable Infrastructure Capital during the 4th quarter worth $39,000. Finally, Allworth Financial LP boosted its stake in HA Sustainable Infrastructure Capital by 1,267.2% in the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,584 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HASI. Wells Fargo & Company assumed coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price for the company. Citigroup upgraded shares of HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. Truist Financial started coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 target price for the company. Robert W. Baird decreased their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.29.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI traded up $0.37 during midday trading on Friday, hitting $24.21. 939,916 shares of the stock were exchanged, compared to its average volume of 1,143,837. The stock has a market cap of $2.93 billion, a P/E ratio of 15.32, a PEG ratio of 1.06 and a beta of 1.83. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $21.98 and a twelve month high of $36.56. The company has a 50 day moving average price of $27.76 and a 200-day moving average price of $29.31. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The business had revenue of $37.74 million during the quarter, compared to analysts' expectations of $25.93 million. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Friday, April 4th. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 106.33%.

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.