HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Raises Dividend to $0.43 Per Share

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.425 per share by the real estate investment trust on Friday, April 17th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, April 2nd. This is a 1.2% increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42.

HA Sustainable Infrastructure Capital has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. HA Sustainable Infrastructure Capital has a dividend payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect HA Sustainable Infrastructure Capital to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 61.8%.

HA Sustainable Infrastructure Capital Trading Up 8.2%

Shares of HASI stock opened at $38.76 on Friday. The firm has a fifty day moving average of $33.73 and a 200-day moving average of $30.91. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.29 and a beta of 1.45. HA Sustainable Infrastructure Capital has a 52-week low of $21.98 and a 52-week high of $39.21. The company has a debt-to-equity ratio of 1.93, a quick ratio of 11.03 and a current ratio of 11.03.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of large investors have recently modified their holdings of HASI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of HA Sustainable Infrastructure Capital by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,956 shares of the real estate investment trust’s stock valued at $2,046,000 after purchasing an additional 4,212 shares in the last quarter. United Services Automobile Association bought a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter worth $222,000. Jane Street Group LLC lifted its stake in shares of HA Sustainable Infrastructure Capital by 49.9% during the first quarter. Jane Street Group LLC now owns 104,926 shares of the real estate investment trust’s stock valued at $3,068,000 after acquiring an additional 34,932 shares during the period. Intech Investment Management LLC boosted its holdings in HA Sustainable Infrastructure Capital by 13.6% in the first quarter. Intech Investment Management LLC now owns 47,566 shares of the real estate investment trust’s stock valued at $1,391,000 after acquiring an additional 5,683 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in HA Sustainable Infrastructure Capital by 12.3% in the second quarter. KLP Kapitalforvaltning AS now owns 25,600 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 2,800 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

About HA Sustainable Infrastructure Capital

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.