Bank of America Corp DE Acquires 331,670 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Bank of America increased its HASI stake by 30.3% in the first quarter, acquiring 331,670 additional shares to hold 1.43 million shares valued at approximately $52.5 million. Institutional investors collectively own 96.14% of the company.
• Analysts remain broadly positive, with ten Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $47.10. Several firms recently raised their targets, including Morgan Stanley to $57.
• HASI exceeded quarterly earnings and revenue expectations, reporting $0.75 EPS and $120.79 million in revenue. The company declared a quarterly dividend of $0.425 per share, equivalent to a 4.1% annualized yield.

Bank of America Corp DE increased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 30.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,427,415 shares of the real estate investment trust's stock after acquiring an additional 331,670 shares during the quarter. Bank of America Corp DE owned about 1.11% of HA Sustainable Infrastructure Capital worth $52,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. iSAM Funds UK Ltd purchased a new stake in shares of HA Sustainable Infrastructure Capital in the 3rd quarter worth about $27,000. Triumph Capital Management purchased a new position in shares of HA Sustainable Infrastructure Capital during the fourth quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. increased its position in shares of HA Sustainable Infrastructure Capital by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 977 shares during the period. Hantz Financial Services Inc. raised its stake in HA Sustainable Infrastructure Capital by 60.4% in the fourth quarter. Hantz Financial Services Inc. now owns 2,122 shares of the real estate investment trust's stock worth $67,000 after buying an additional 799 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in HA Sustainable Infrastructure Capital in the third quarter worth about $72,000. Institutional investors own 96.14% of the company's stock.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of research analyst reports. Citigroup upped their target price on HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 21st. UBS Group upped their price target on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Morgan Stanley raised their price objective on HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company upped their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.10.

HA Sustainable Infrastructure Capital Stock Up 1.3%

Shares of NYSE:HASI opened at $41.10 on Wednesday. The stock has a fifty day simple moving average of $38.54 and a two-hundred day simple moving average of $38.32. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 77.55, a PEG ratio of 1.20 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $25.51 and a 12-month high of $44.13. The company has a current ratio of 8.89, a quick ratio of 12.10 and a debt-to-equity ratio of 2.23.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.02. The firm 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. On average, research analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.71 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 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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