Bank of New York Mellon Corp Makes New Investment in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Bank of New York Mellon acquired 1.31 million shares of HA Sustainable Infrastructure Capital worth approximately $51.2 million, giving it a 1.02% stake. Institutional investors collectively own 96.14% of the company.
• Analysts remain bullish, with 11 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $47.40, compared with the stock’s $40.32 opening price.
• HASI exceeded quarterly earnings and revenue expectations, reporting $0.75 EPS and $120.79 million in revenue. The company also declared a quarterly dividend of $0.425, equal to a 4.2% annualized yield.

Bank of New York Mellon Corp purchased a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,310,518 shares of the real estate investment trust's stock, valued at approximately $51,176,000. Bank of New York Mellon Corp owned approximately 1.02% of HA Sustainable Infrastructure Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. iSAM Funds UK Ltd purchased a new stake in shares of HA Sustainable Infrastructure Capital during the third quarter worth approximately $27,000. Triumph Capital Management purchased a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. raised its position in shares of HA Sustainable Infrastructure Capital by 101.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 977 shares in the last quarter. Hantz Financial Services Inc. increased 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 valued at $67,000 after purchasing an additional 799 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

HASI has been the topic of a number of research reports. JPMorgan Chase & Co. raised 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. Morgan Stanley upped their price target on shares of HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. UBS Group increased their price target on shares of 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. 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. Finally, Royal Bank Of Canada upped their target price on shares of HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital currently has an average rating of "Moderate Buy" and an average target price of $47.40.

HA Sustainable Infrastructure Capital Price Performance

HA Sustainable Infrastructure Capital stock opened at $40.32 on Friday. The firm has a market capitalization of $5.18 billion, a PE ratio of 76.08, a P/E/G ratio of 1.29 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $27.28 and a 52 week high of $44.13. The firm's 50-day simple moving average is $39.17 and its 200 day simple moving average is $38.84. The company has a quick ratio of 8.89, a current ratio of 8.89 and a debt-to-equity ratio of 2.23.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.02. The company had revenue of $120.79 million during the quarter, compared to analysts' expectations of $111.95 million. HA Sustainable Infrastructure Capital had a net margin of 18.61% and a return on equity of 13.62%. HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. On average, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a $0.425 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.2%. HA Sustainable Infrastructure Capital's payout ratio 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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