HA Sustainable Infrastructure Capital, Inc. $HASI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,680,156 shares of the real estate investment trust’s stock after selling 92,539 shares during the period. Bank of New York Mellon Corp’s holdings in HA Sustainable Infrastructure Capital were worth $45,129,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in HA Sustainable Infrastructure Capital during the first quarter worth approximately $29,000. Legend Financial Advisors Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the 2nd quarter valued at $27,000. Signaturefd LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 72.4% during the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 495 shares during the last quarter. Cheviot Value Management LLC purchased a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter worth $70,000. Finally, Smartleaf Asset Management LLC boosted its holdings in HA Sustainable Infrastructure Capital by 94.9% in the first quarter. Smartleaf Asset Management LLC now owns 2,690 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,310 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on HASI shares. The Goldman Sachs Group upped their price target on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group boosted their price objective on shares of HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $33.99 on Wednesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The company’s fifty day moving average price is $29.36 and its two-hundred day moving average price is $27.60. The firm has a market capitalization of $4.23 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.05 and a beta of 1.63. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $21.98 and a 12 month high of $34.15.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. HA Sustainable Infrastructure Capital had a return on equity of 10.85% and a net margin of 56.17%.The business had revenue of ($37.39) million for the quarter, compared to analyst estimates of $27.97 million. HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. On average, research analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 29th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.9%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 72.10%.

About HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company’s portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.