Figure 8 Investment Strategies LLC purchased a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 43,230 shares of the real estate investment trust’s stock, valued at approximately $1,688,000.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in HA Sustainable Infrastructure Capital in the second quarter worth $834,012,000. Pallas Capital Advisors LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital in the second quarter worth about $4,020,000. Deutsche Bank AG bought a new stake in shares of HA Sustainable Infrastructure Capital during the 2nd quarter worth about $41,130,000. Perigon Wealth Management LLC acquired a new position in shares of HA Sustainable Infrastructure Capital during the 2nd quarter valued at about $1,384,000. Finally, Trust Co. of Vermont acquired a new position in shares of HA Sustainable Infrastructure Capital during the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Stock Down 1.6%
HASI opened at $41.46 on Wednesday. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $27.28 and a 1-year high of $44.13. The company has a current ratio of 8.89, a quick ratio of 8.89 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 78.22, a P/E/G ratio of 1.23 and a beta of 1.43. The business has a 50 day moving average of $38.87 and a 200-day moving average of $38.59.
HA Sustainable Infrastructure Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is presently 320.75%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on HASI shares. Morgan Stanley raised their price objective on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wells Fargo & Company lifted their price target on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. UBS Group boosted their price objective on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Citigroup upped their price objective 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. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.40.
View Our Latest Stock Analysis on HASI
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.
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