NewEdge Wealth LLC acquired a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 12,659 shares of the real estate investment trust’s stock, valued at approximately $494,000.
Other large investors have also modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of HA Sustainable Infrastructure Capital by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock valued at $974,000 after buying an additional 266 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of HA Sustainable Infrastructure Capital by 1.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 29,154 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 300 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of HA Sustainable Infrastructure Capital by 1.7% during the 1st quarter. Kestra Advisory Services LLC now owns 19,788 shares of the real estate investment trust’s stock worth $727,000 after acquiring an additional 336 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in HA Sustainable Infrastructure Capital by 14.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 336 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its position in HA Sustainable Infrastructure Capital by 5.0% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Trading Down 2.7%
Shares of NYSE HASI opened at $39.51 on Friday. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $27.28 and a twelve month high of $44.13. The firm has a market cap of $5.08 billion, a PE ratio of 74.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. The business has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $38.69. 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 Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.70 dividend on an annualized basis and a yield of 4.3%. HA Sustainable Infrastructure Capital’s dividend payout ratio is 320.75%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on HASI. Wells Fargo & Company increased their target price on HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. UBS Group upped their price target on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average price target of $47.40.
View Our Latest Report on HA Sustainable Infrastructure Capital
HA Sustainable Infrastructure Capital 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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