Pallas Capital Advisors LLC bought a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 102,945 shares of the real estate investment trust’s stock, valued at approximately $4,020,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HA Sustainable Infrastructure Capital by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,956 shares of the real estate investment trust’s stock worth $2,046,000 after buying an additional 4,212 shares during the last quarter. United Services Automobile Association purchased a new stake in HA Sustainable Infrastructure Capital during the first quarter valued at approximately $222,000. Jane Street Group LLC grew its holdings in HA Sustainable Infrastructure Capital by 49.9% in the first quarter. Jane Street Group LLC now owns 104,926 shares of the real estate investment trust’s stock worth $3,068,000 after purchasing an additional 34,932 shares during the last quarter. Intech Investment Management LLC grew its holdings in HA Sustainable Infrastructure Capital by 13.6% in the first quarter. Intech Investment Management LLC now owns 47,566 shares of the real estate investment trust’s stock worth $1,391,000 after purchasing an additional 5,683 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of HA Sustainable Infrastructure Capital by 12.9% during the second quarter. Cetera Investment Advisers now owns 27,544 shares of the real estate investment trust’s stock worth $740,000 after purchasing an additional 3,139 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Price Performance
Shares of NYSE HASI opened at $42.09 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.89 and a current ratio of 8.89. The firm has a fifty day moving average of $38.77 and a 200 day moving average of $38.54. The firm has a market cap of $5.41 billion, a PE ratio of 79.42, a PEG ratio of 1.23 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a one year low of $27.28 and a one year high of $44.13.
HA Sustainable Infrastructure Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital’s payout ratio is 320.75%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wells Fargo & Company upped their price objective on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Citigroup increased their price objective on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.10.
View Our Latest Report on HA Sustainable Infrastructure Capital
HA Sustainable Infrastructure Capital Company Profile
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.
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