HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Friday, October 2nd will be paid a dividend of 0.425 per share by the real estate investment trust on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 2nd.
HA Sustainable Infrastructure Capital has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. HA Sustainable Infrastructure Capital has a payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HA Sustainable Infrastructure Capital to earn $3.04 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 55.9%.
HA Sustainable Infrastructure Capital Stock Performance
NYSE:HASI opened at $38.40 on Friday. The company has a current ratio of 12.10, a quick ratio of 12.10 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $4.93 billion, a P/E ratio of 109.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The firm has a 50-day moving average price of $38.53 and a two-hundred day moving average price of $38.18. HA Sustainable Infrastructure Capital has a twelve month low of $24.38 and a twelve month high of $44.13.
Institutional Investors Weigh In On HA Sustainable Infrastructure Capital
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in shares of HA Sustainable Infrastructure Capital by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 266 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in HA Sustainable Infrastructure Capital by 1.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 29,154 shares of the real estate investment trust’s stock worth $1,071,000 after buying an additional 300 shares during the period. Smartleaf Asset Management LLC lifted its stake in HA Sustainable Infrastructure Capital by 14.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 336 shares during the period. Kestra Advisory Services LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 1.7% in the 1st quarter. Kestra Advisory Services LLC now owns 19,788 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 336 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its position in HA Sustainable Infrastructure Capital by 5.0% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
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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