Rock Point Advisors LLC Purchases New Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

Rock Point Advisors LLC purchased a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 69,965 shares of the real estate investment trust’s stock, valued at approximately $2,199,000.

Several other hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in HA Sustainable Infrastructure Capital by 1,015.5% in the second quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust’s stock valued at $117,012,000 after buying an additional 3,965,832 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in HA Sustainable Infrastructure Capital by 1,285.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,903,532 shares of the real estate investment trust’s stock valued at $58,438,000 after buying an additional 1,766,093 shares during the period. Marshall Wace LLP lifted its stake in HA Sustainable Infrastructure Capital by 450.0% in the third quarter. Marshall Wace LLP now owns 914,226 shares of the real estate investment trust’s stock valued at $28,067,000 after buying an additional 748,010 shares during the period. First Trust Advisors LP lifted its stake in HA Sustainable Infrastructure Capital by 101.8% in the second quarter. First Trust Advisors LP now owns 653,598 shares of the real estate investment trust’s stock valued at $17,556,000 after buying an additional 329,754 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in HA Sustainable Infrastructure Capital by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 2,060,698 shares of the real estate investment trust’s stock valued at $63,263,000 after buying an additional 323,361 shares during the period. Institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Down 0.1%

NYSE:HASI opened at $40.96 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 9.20 and a current ratio of 12.10. The company has a market cap of $5.26 billion, a PE ratio of 117.02, a PEG ratio of 1.31 and a beta of 1.47. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.28 and a 52-week high of $44.13. The stock has a 50-day simple moving average of $38.46 and a 200 day simple moving average of $35.25.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $124.23 million during the quarter, compared to the consensus estimate of $112.24 million. HA Sustainable Infrastructure Capital had a return on equity of 12.80% and a net margin of 13.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. On average, sell-side analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.2%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 485.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen increased their target price on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Morgan Stanley increased their target price on HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. The Goldman Sachs Group increased their target price on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Mizuho increased their target price on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.60.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the completion of the transaction, the director directly owned 9,050 shares in the company, valued at approximately $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

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.