Tidal Investments LLC boosted its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 6.9% in the second quarter, Holdings Channel.com reports. The firm owned 784,316 shares of the real estate investment trust’s stock after acquiring an additional 50,451 shares during the period. Tidal Investments LLC’s holdings in HA Sustainable Infrastructure Capital were worth $30,628,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HA Sustainable Infrastructure Capital by 6.4% during 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 acquiring an additional 4,212 shares in the last quarter. United Services Automobile Association purchased a new position in HA Sustainable Infrastructure Capital in the first quarter valued at about $222,000. Jane Street Group LLC grew its stake in HA Sustainable Infrastructure Capital by 49.9% during the 1st quarter. Jane Street Group LLC now owns 104,926 shares of the real estate investment trust’s stock valued at $3,068,000 after purchasing an additional 34,932 shares in the last quarter. Intech Investment Management LLC grew its stake in HA Sustainable Infrastructure Capital by 13.6% during the 1st quarter. Intech Investment Management LLC now owns 47,566 shares of the real estate investment trust’s stock valued at $1,391,000 after purchasing an additional 5,683 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in HA Sustainable Infrastructure Capital by 12.9% during the 2nd quarter. Cetera Investment Advisers now owns 27,544 shares of the real estate investment trust’s stock worth $740,000 after purchasing an additional 3,139 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Stock Down 2.7%
HASI opened at $38.31 on Thursday. The stock’s 50 day moving average price is $39.20 and its 200 day moving average price is $38.93. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89. The stock has a market cap of $4.92 billion, a P/E ratio of 72.28, a P/E/G ratio of 1.27 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $27.28 and a 12 month high of $44.13.
HA Sustainable Infrastructure Capital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 320.75%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Friday, August 7th. Morgan Stanley boosted their target price on shares of HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Mizuho upped their price objective on HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group reiterated a “neutral” rating and issued a $44.00 price target (down from $51.00) on shares of HA Sustainable Infrastructure Capital in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. increased 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 report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.
Read Our Latest Analysis on HA Sustainable Infrastructure Capital
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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