NewEdge Wealth LLC Takes Position in HA Sustainable Infrastructure Capital, Inc. $HASI

NewEdge Wealth LLC acquired a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,346 shares of the real estate investment trust’s stock, valued at approximately $490,000.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in HA Sustainable Infrastructure Capital by 25.4% during the 1st quarter. First Trust Advisors LP now owns 382,976 shares of the real estate investment trust’s stock worth $14,074,000 after acquiring an additional 77,617 shares during the period. ABN Amro Investment Solutions lifted its stake in shares of HA Sustainable Infrastructure Capital by 29.7% in the 1st quarter. ABN Amro Investment Solutions now owns 225,941 shares of the real estate investment trust’s stock valued at $8,303,000 after purchasing an additional 51,681 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 8.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,744 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 426 shares in the last quarter. Scarborough Advisors LLC boosted its position in shares of HA Sustainable Infrastructure Capital by 127.1% during the 1st quarter. Scarborough Advisors LLC now owns 3,661 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 2,049 shares in the last quarter. Finally, Boston Common Asset Management LLC grew its stake in HA Sustainable Infrastructure Capital by 58.4% during the first quarter. Boston Common Asset Management LLC now owns 319,770 shares of the real estate investment trust’s stock worth $11,752,000 after purchasing an additional 117,855 shares during the period. Institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, May 13th. UBS Group raised their price objective on shares of HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wells Fargo & Company lifted 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 research note on Tuesday, May 12th. Morgan Stanley increased their target price on shares of HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.90.

HA Sustainable Infrastructure Capital Stock Up 1.2%

Shares of NYSE:HASI opened at $38.87 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 12.10 and a current ratio of 12.10. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.38 and a 52-week high of $44.13. The business’s 50 day simple moving average is $38.90 and its two-hundred day simple moving average is $37.97. The firm has a market cap of $4.99 billion, a P/E ratio of 111.06, a PEG ratio of 1.13 and a beta of 1.43.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. HA Sustainable Infrastructure Capital had a return on equity of 12.80% and a net margin of 13.08%.The firm had revenue of $124.23 million during the quarter, compared to the consensus estimate of $112.24 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, research analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 2nd. HA Sustainable Infrastructure Capital’s payout ratio is 485.71%.

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.