Rockefeller Capital Management L.P. Buys 482,097 Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

Rockefeller Capital Management L.P. grew its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 52.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 about 1.18% of HA Sustainable Infrastructure Capital worth $37,443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HASI. JPMorgan Chase & Co. lifted its holdings in HA Sustainable Infrastructure Capital by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust's stock valued at $10,361,000 after purchasing an additional 89,126 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in HA Sustainable Infrastructure Capital in the 4th quarter worth approximately $2,451,000. Harbor Capital Advisors Inc. boosted its holdings in HA Sustainable Infrastructure Capital by 42.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust's stock worth $1,932,000 after buying an additional 21,446 shares during the period. Nisa Investment Advisors LLC grew its stake in HA Sustainable Infrastructure Capital by 23.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust's stock valued at $986,000 after buying an additional 6,990 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in HA Sustainable Infrastructure Capital by 174.5% during the 4th quarter. Schroder Investment Management Group now owns 721,183 shares of the real estate investment trust's stock valued at $19,263,000 after acquiring an additional 458,435 shares during the period. 96.14% of the stock is owned by institutional investors.

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HA Sustainable Infrastructure Capital Price Performance

Shares of HASI traded down $0.48 during midday trading on Tuesday, reaching $23.73. The stock had a trading volume of 1,165,854 shares, compared to its average volume of 1,143,175. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. The company's 50-day moving average is $28.03 and its 200 day moving average is $29.46. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $21.98 and a 12-month high of $36.56.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $37.74 million during the quarter, compared to analysts' expectations of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. On average, equities analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 7.08%. 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 presently 106.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Truist Financial started coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 target price for the company. Wells Fargo & Company began coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price target on the stock. Robert W. Baird decreased their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, HA Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and an average target price of $39.29.

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.