Van ECK Associates Corp Purchases 60,719 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Van ECK Associates increased its HASI position by 31.4% in the second quarter, purchasing 60,719 additional shares and bringing its holdings to 254,241 shares worth approximately $9.93 million.
• Institutional ownership remains high at 96.14%, with several other firms initiating or expanding positions during the quarter.
• HASI exceeded quarterly earnings expectations, reporting $0.75 EPS versus the $0.73 consensus and revenue of $120.79 million. The company declared a $0.425 quarterly dividend, while analysts maintain a “Moderate Buy” consensus with a $47.40 price target.

Van ECK Associates Corp lifted its position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 31.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,241 shares of the real estate investment trust's stock after purchasing an additional 60,719 shares during the quarter. Van ECK Associates Corp owned 0.20% of HA Sustainable Infrastructure Capital worth $9,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HASI. Hsbc Holdings PLC increased its holdings in HA Sustainable Infrastructure Capital by 31.1% in the 2nd quarter. Hsbc Holdings PLC now owns 45,293 shares of the real estate investment trust's stock valued at $1,773,000 after buying an additional 10,736 shares during the period. Beacon Pointe Advisors LLC bought a new position in shares of HA Sustainable Infrastructure Capital during the 2nd quarter worth about $546,000. Equitable Holdings Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 2nd quarter valued at about $371,000. Brasada Capital Management LP bought a new stake in HA Sustainable Infrastructure Capital in the second quarter valued at about $508,000. Finally, Corient Private Wealth LP bought a new stake in HA Sustainable Infrastructure Capital in the second quarter valued at about $1,000,000. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 0.1%

NYSE HASI opened at $39.57 on Wednesday. The stock's 50 day simple moving average is $39.21 and its 200 day simple moving average is $38.90. HA Sustainable Infrastructure Capital, Inc. has a one year low of $27.28 and a one year high of $44.13. The firm has a market cap of $5.08 billion, a PE ratio of 74.66, a price-to-earnings-growth 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 (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, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $120.79 million during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.75 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on HASI shares. JPMorgan Chase & Co. raised 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. Bank of America reiterated a "buy" rating on shares of HA Sustainable Infrastructure Capital in a research note on Tuesday, August 18th. Wells Fargo & Company increased 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. Morgan Stanley boosted their price target on 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, Royal Bank Of Canada upped their price target on 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. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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