Vanguard Group Inc. Increases Stock Position in HA Sustainable Infrastructure Capital, Inc. $HASI

Key Points

• Vanguard Group increased its Q4 stake in HA Sustainable Infrastructure Capital by 0.4% to 14,050,580 shares—about 11.10% of the company, valued at roughly $441.6 million—and institutional investors now own ~96.14% of the stock.
• Director Jeffrey Eckel sold 134,398 shares on Feb. 17 for about $5.27 million, reducing his holding by ~93.7%; insiders now own 2.20% of the company.
• Several brokerages raised price targets and ratings (e.g., TD Cowen to $50, Morgan Stanley to $54), leaving a MarketBeat consensus of "Moderate Buy" with a $45 target, and the company recently hiked its quarterly dividend to $0.425 (4.0% yield).

Vanguard Group Inc. raised its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,050,580 shares of the real estate investment trust's stock after purchasing an additional 61,189 shares during the period. Vanguard Group Inc. owned approximately 11.10% of HA Sustainable Infrastructure Capital worth $441,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in HA Sustainable Infrastructure Capital by 1,015.5% in 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 purchasing an additional 3,965,832 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 valued at $58,438,000 after purchasing an additional 1,766,093 shares during the period. Marshall Wace LLP raised its stake in shares of HA Sustainable Infrastructure Capital by 450.0% in the third quarter. Marshall Wace LLP now owns 914,226 shares of the real estate investment trust's stock worth $28,067,000 after buying an additional 748,010 shares during the period. First Trust Advisors LP lifted its position in shares of HA Sustainable Infrastructure Capital by 101.8% during the 2nd quarter. First Trust Advisors LP now owns 653,598 shares of the real estate investment trust's stock valued at $17,556,000 after buying an additional 329,754 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of HA Sustainable Infrastructure Capital by 306.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 433,551 shares of the real estate investment trust's stock valued at $13,310,000 after buying an additional 326,810 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Activity at HA Sustainable Infrastructure Capital

In related news, Director Jeffrey Eckel sold 134,398 shares of HA Sustainable Infrastructure Capital stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total value of $5,272,433.54. Following the completion of the transaction, the director owned 9,050 shares in the company, valued at approximately $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HASI. Wells Fargo & Company raised their price objective on shares of HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, February 18th. UBS Group increased their price target on HA Sustainable Infrastructure Capital from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Mizuho boosted their price objective on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the company an "outperform" rating in a research report on Wednesday, March 4th. Morgan Stanley upped their price objective on HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 7th. Finally, TD Cowen increased their target price on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

HA Sustainable Infrastructure Capital Stock Performance

HASI opened at $42.95 on Wednesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.35 and a beta of 1.47. The company has a fifty day moving average of $37.98 and a 200 day moving average of $34.80. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $24.28 and a fifty-two week high of $43.03.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. The business had revenue of $114.81 million for the quarter, compared to analysts' expectations of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, sell-side analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.71 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 2nd were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 4.0%. HA Sustainable Infrastructure Capital's payout ratio is currently 125.00%.

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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