Vanguard Group Inc. Acquires 198,441 Shares of HA Sustainable Infrastructure Capital, Inc. $HASI

Vanguard Group Inc. grew its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 13,989,391 shares of the real estate investment trust’s stock after purchasing an additional 198,441 shares during the quarter. Vanguard Group Inc. owned 0.11% of HA Sustainable Infrastructure Capital worth $429,474,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HASI. Alliancebernstein L.P. lifted its holdings in shares of 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 valued at $117,012,000 after purchasing an additional 3,965,832 shares in the last quarter. Norges Bank acquired a new stake in HA Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $27,979,000. First Trust Advisors LP lifted its stake in HA Sustainable Infrastructure Capital by 101.8% in 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 acquiring an additional 329,754 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in 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 worth $13,310,000 after acquiring an additional 326,810 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of HA Sustainable Infrastructure Capital by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,060,698 shares of the real estate investment trust’s stock worth $63,263,000 after acquiring an additional 323,361 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of HA Sustainable Infrastructure Capital stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.23, for a total value of $5,272,433.54. Following the transaction, the director directly owned 9,050 shares of the company’s stock, valued at $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

HA Sustainable Infrastructure Capital Stock Down 0.3%

NYSE HASI opened at $36.88 on Thursday. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 1.94. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.28 and a beta of 1.45. The company has a 50 day moving average of $34.64 and a 200-day moving average of $31.70. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $40.01.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $114.81 million for the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. On average, equities research analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.425 per share. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.6%. HA Sustainable Infrastructure Capital’s payout ratio is currently 123.53%.

Analysts Set New Price Targets

Several research analysts recently commented on HASI shares. TD Cowen increased their target price on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group increased their price target on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, December 17th. Morgan Stanley raised their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company increased their price target on shares of HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

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.