Royal Bank of Canada Cuts Stock Holdings in HA Sustainable Infrastructure Capital, Inc. $HASI

Royal Bank of Canada lessened its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 655,489 shares of the real estate investment trust’s stock after selling 62,463 shares during the quarter. Royal Bank of Canada’s holdings in HA Sustainable Infrastructure Capital were worth $24,088,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of HA Sustainable Infrastructure Capital by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 14,050,580 shares of the real estate investment trust’s stock worth $441,610,000 after buying an additional 61,189 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of HA Sustainable Infrastructure Capital by 24.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,604,443 shares of the real estate investment trust’s stock valued at $207,578,000 after buying an additional 1,282,466 shares during the last quarter. State Street Corp increased its position in shares of HA Sustainable Infrastructure Capital by 2.0% in the 4th quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock valued at $172,499,000 after acquiring an additional 108,376 shares during the period. Alliancebernstein L.P. increased its position in shares of HA Sustainable Infrastructure Capital by 1,015.5% in the 2nd quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust’s stock valued at $117,012,000 after acquiring an additional 3,965,832 shares during the period. Finally, Geode Capital Management LLC raised its stake in HA Sustainable Infrastructure Capital by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,944,810 shares of the real estate investment trust’s stock worth $92,572,000 after acquiring an additional 54,898 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $38.24 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 12.10 and a quick ratio of 12.10. The stock’s 50 day simple moving average is $38.59 and its 200-day simple moving average is $38.16. The company has a market cap of $4.91 billion, a PE ratio of 109.27, a price-to-earnings-growth ratio of 1.15 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $24.38 and a 1-year high of $44.13.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The firm had revenue of $124.23 million for the quarter, compared to analyst estimates of $112.24 million. HA Sustainable Infrastructure Capital had a net margin of 13.08% and a return on equity of 12.80%. As a group, equities research analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HASI has been the subject of several research analyst reports. UBS Group raised their price objective on HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Morgan Stanley lifted their price objective on shares of HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, May 13th. Citigroup raised their target price on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average target price of $46.90.

About HA Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc (NYSE: HASI) is a publicly traded real estate investment trust specializing in financing and investing in climate change solutions. Founded in 1988 and headquartered in Annapolis, Maryland, the company provides debt and equity capital to sustainable infrastructure projects across North America. Its mission is to support energy efficiency, renewable energy generation and resilient infrastructure, helping public and private sector clients reduce carbon emissions and achieve long-term environmental goals.

Hannon Armstrong’s core business activities include originating and structuring loans, acquiring debt and equity interests, and managing a diversified portfolio of projects in sectors such as solar energy, wind power, energy storage, green buildings, and sustainable agriculture.