BNP Paribas Financial Markets Cuts Stock Holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)

BNP Paribas Financial Markets reduced its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 76.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,555 shares of the real estate investment trust’s stock after selling 154,184 shares during the period. BNP Paribas Financial Markets’ holdings in HA Sustainable Infrastructure Capital were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in HA Sustainable Infrastructure Capital by 23.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 36,208 shares of the real estate investment trust’s stock valued at $986,000 after acquiring an additional 6,990 shares during the last quarter. Schroder Investment Management Group increased its holdings in HA Sustainable Infrastructure Capital by 174.5% in the fourth quarter. Schroder Investment Management Group now owns 721,183 shares of the real estate investment trust’s stock valued at $19,263,000 after buying an additional 458,435 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in HA Sustainable Infrastructure Capital in the fourth quarter valued at $2,247,000. Proficio Capital Partners LLC acquired a new position in HA Sustainable Infrastructure Capital in the fourth quarter valued at $482,000. Finally, Victory Capital Management Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 453.3% during the fourth quarter. Victory Capital Management Inc. now owns 138,547 shares of the real estate investment trust’s stock worth $3,717,000 after buying an additional 113,505 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HASI. StockNews.com upgraded shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Truist Financial began 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 lowered their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company assumed 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 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, HA Sustainable Infrastructure Capital presently has an average rating of “Buy” and a consensus target price of $38.00.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $28.23 on Tuesday. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $36.56. The firm has a 50-day simple moving average of $26.59 and a 200 day simple moving average of $27.91. The company has a market cap of $3.50 billion, a PE ratio of 17.87, a P/E/G ratio of 1.06 and a beta of 1.71.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently declared 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Wednesday, July 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 161.54%.

HA Sustainable Infrastructure Capital Company 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.