Legal & General Group Plc acquired a new position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 293,881 shares of the real estate investment trust's stock, valued at approximately $11,476,000. Legal & General Group Plc owned approximately 0.23% of HA Sustainable Infrastructure Capital at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in HA Sustainable Infrastructure Capital during the 2nd quarter valued at about $834,012,000. Alliancebernstein L.P. grew its stake in HA Sustainable Infrastructure Capital by 1,015.5% during the second quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust's stock worth $117,012,000 after buying an additional 3,965,832 shares during the last quarter. Norges Bank bought a new stake in HA Sustainable Infrastructure Capital during the fourth quarter worth about $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 1,285.0% during 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 worth $58,438,000 after buying an additional 1,766,093 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the second quarter valued at approximately $60,865,790. 96.14% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on HASI. Wells Fargo & Company boosted their target price on HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Royal Bank Of Canada raised their price target on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective 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. UBS Group increased their target price on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of HA Sustainable Infrastructure Capital in a research note on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, HA Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.40.
Read Our Latest Report on HASI
HA Sustainable Infrastructure Capital Stock Performance
Shares of HA Sustainable Infrastructure Capital stock opened at $39.54 on Tuesday. The firm has a fifty day moving average of $39.20 and a two-hundred day moving average of $38.88. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.89 and a current ratio of 8.89. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 74.60, a PEG 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.
HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $120.79 million during 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. As a group, equities research analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.75 EPS for the current year.
HA Sustainable Infrastructure Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid 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 4.3%. HA Sustainable Infrastructure Capital's dividend payout ratio is 320.75%.
HA Sustainable Infrastructure Capital Profile
(
Free Report)
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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