21,357,545 Shares in HA Sustainable Infrastructure Capital, Inc. $HASI Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 21.36 million HASI shares worth approximately $834 million, giving it a 16.63% stake. Institutional investors collectively own 96.14% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $47.40 price target, above HASI’s $39.51 share price.
• HASI exceeded quarterly earnings and revenue expectations, reporting $0.75 EPS and $120.79 million in revenue, while announcing a quarterly dividend of $0.425 per share, equivalent to a 4.3% annualized yield.

BlackRock Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,357,545 shares of the real estate investment trust's stock, valued at approximately $834,012,000. BlackRock Inc. owned about 16.63% of HA Sustainable Infrastructure Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HASI. Cetera Investment Advisers grew its stake in 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 worth $974,000 after buying an additional 266 shares during the period. Oregon Public Employees Retirement Fund boosted its position in 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 purchasing an additional 300 shares during the period. Kestra Advisory Services LLC increased its holdings in HA Sustainable Infrastructure Capital by 1.7% in the 1st quarter. Kestra Advisory Services LLC now owns 19,788 shares of the real estate investment trust's stock valued at $727,000 after purchasing an additional 336 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in HA Sustainable Infrastructure Capital by 14.5% in 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 purchasing an additional 336 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its position in HA Sustainable Infrastructure Capital by 5.0% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust's stock valued at $230,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Analysts Set New Price Targets

HASI has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of HA Sustainable Infrastructure Capital in a report on Friday, August 7th. Wells Fargo & Company increased 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 report on Tuesday, May 12th. Royal Bank Of Canada increased their price objective on shares of HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Morgan Stanley lifted their price objective on shares of 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.40.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI opened at $39.51 on Friday. The stock has a fifty day moving average price of $39.06 and a 200 day moving average price of $38.69. The company has a market cap of $5.08 billion, a P/E ratio of 74.55, a PEG ratio of 1.28 and a beta of 1.43. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $27.28 and a 12 month high of $44.13.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share (EPS) 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 business had revenue of $120.79 million during 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. On average, research analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.75 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is presently 320.75%.

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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