HA Sustainable Infrastructure Capital, Inc. $HASI Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 48.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,494 shares of the real estate investment trust’s stock after selling 20,593 shares during the quarter. 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 HASI. BlackRock Inc. acquired a new stake in HA Sustainable Infrastructure Capital during the second quarter worth about $834,012,000. Neumeier Poma Investment Counsel LLC purchased a new position in HA Sustainable Infrastructure Capital during the second quarter worth about $60,865,790. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HA Sustainable Infrastructure Capital by 31,354.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,534,959 shares of the real estate investment trust’s stock valued at $59,940,000 after purchasing an additional 1,530,079 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in HA Sustainable Infrastructure Capital in the 2nd quarter valued at about $51,176,000. Finally, Bank of America Corp DE purchased a new stake in shares of HA Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $47,223,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Up 0.1%

HA Sustainable Infrastructure Capital stock opened at $36.53 on Friday. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $27.28 and a twelve month 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. 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 firm has a market capitalization of $4.69 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.18 and a beta of 1.42.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $111.95 million. HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. As a group, equities analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.75 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HASI shares. Mizuho raised their price target on shares of HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. UBS Group reiterated a “neutral” rating and issued a $44.00 price objective (down from $51.00) on shares of HA Sustainable Infrastructure Capital in a report on Friday, September 4th. Morgan Stanley increased their price objective on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Friday, August 7th. Finally, Bank of America reissued a “buy” rating on shares of HA Sustainable Infrastructure Capital in a research note on Tuesday, August 18th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.