66,271 Shares in HA Sustainable Infrastructure Capital, Inc. $HASI Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company bought 66,271 HASI shares worth approximately $2.6 million, while institutional investors overall own 96.14% of the company.
• HASI beat quarterly expectations with $0.75 EPS and $120.79 million in revenue. The company also announced a quarterly dividend of $0.425 per share, implying a 4.3% annualized yield.
• Analysts maintain a positive outlook, with 11 Buy ratings and two Holds, an average “Moderate Buy” rating, and an average price target of $47.40 versus the reported share price of $39.84.

The Manufacturers Life Insurance Company bought a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 66,271 shares of the real estate investment trust's stock, valued at approximately $2,588,000. The Manufacturers Life Insurance Company owned 0.05% of HA Sustainable Infrastructure Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in HA Sustainable Infrastructure Capital in the 2nd quarter valued at about $834,012,000. Alliancebernstein L.P. boosted its stake in HA Sustainable Infrastructure Capital by 1,015.5% during the 2nd quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust's stock valued at $117,012,000 after purchasing an additional 3,965,832 shares during the period. Norges Bank bought a new position in HA Sustainable Infrastructure Capital in the 4th quarter worth about $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 purchasing an additional 1,766,093 shares during the period. Finally, Neumeier Poma Investment Counsel LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital in the second quarter valued at approximately $60,865,790. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Performance

HASI opened at $39.84 on Thursday. The business has a 50 day moving average price of $39.23 and a two-hundred day moving average price of $38.93. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 75.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $27.28 and a 1-year high of $44.13.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $120.79 million for the quarter, compared to analysts' expectations of $111.95 million. HA Sustainable Infrastructure Capital had a return on equity of 13.62% and a net margin of 18.61%.HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. Research analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.75 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The company 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 of this dividend is Friday, October 2nd. HA Sustainable Infrastructure Capital's payout ratio is presently 320.75%.

Analyst Upgrades and Downgrades

HASI has been the subject of a number of recent analyst reports. 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 report on Tuesday, August 18th. UBS Group boosted their price target on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. increased their price target on 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. Bank of America reissued a "buy" rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada lifted 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 note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of "Moderate Buy" and an average target price of $47.40.

HA Sustainable Infrastructure Capital Company 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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