State of Alaska Department of Revenue Sells 20,593 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

State of Alaska Department of Revenue trimmed its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 48.9% during the third quarter, Holdings Channel.com reports. The firm owned 21,494 shares of the real estate investment trust’s stock after selling 20,593 shares during the period. State of Alaska Department of Revenue’s holdings in HA Sustainable Infrastructure Capital were worth $769,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital during the second quarter worth about $39,000. Versant Capital Management Inc grew its holdings in shares of HA Sustainable Infrastructure Capital by 59.2% during the third quarter. Versant Capital Management Inc now owns 1,087 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 404 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of HA Sustainable Infrastructure Capital during the second quarter worth about $70,000. Addison Advisors LLC acquired a new position in HA Sustainable Infrastructure Capital in the 2nd quarter valued at about $72,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in HA Sustainable Infrastructure Capital in the 2nd quarter valued at about $76,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Price Performance

HASI stock opened at $36.53 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.42. The company has a quick ratio of 8.89, a current ratio of 8.89 and a debt-to-equity ratio of 2.23. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $27.28 and a 52-week high of $44.13. The stock’s fifty day simple moving average is $37.84 and its 200-day simple moving average is $38.93.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. HA Sustainable Infrastructure Capital had a return on equity of 13.62% and a net margin of 18.61%. The firm had revenue of $120.79 million for the quarter, compared to the consensus estimate of $111.95 million. HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. Equities research analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.75 EPS for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were given a $0.4250 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.70 annualized dividend and a dividend yield of 4.7%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 320.75%.

Analyst Ratings Changes

Several research analysts have weighed in on HASI shares. Morgan Stanley lifted their target price on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. cut their price target on HA Sustainable Infrastructure Capital from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Friday, August 7th. Mizuho increased their price target on HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Finally, Bank of America reiterated a “buy” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, August 18th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, HA Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

HA Sustainable Infrastructure Capital Company Profile

HA Sustainable Infrastructure Capital, Inc (NYSE: HASI) is an investment firm focused on financing sustainable infrastructure and climate solutions. The company provides capital to projects and businesses involved in renewable energy, energy efficiency, sustainable real estate and other infrastructure that supports the transition to a lower-carbon economy.

Its investment activities may include lending, equity investments and other forms of project financing. HA Sustainable Infrastructure Capital typically works with developers, owners and operators of infrastructure assets, helping fund projects such as distributed solar, utility-scale renewable energy, energy-efficiency improvements and resilient infrastructure.

Founded in 1981, the company has historically operated under the name Hannon Armstrong Sustainable Infrastructure Capital, Inc and became publicly traded in 2013.