Principal Financial Group Inc. Grows Stake in HA Sustainable Infrastructure Capital, Inc. $HASI

Principal Financial Group Inc. increased its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 620,243 shares of the real estate investment trust’s stock after purchasing an additional 19,506 shares during the period. Principal Financial Group Inc.’s holdings in HA Sustainable Infrastructure Capital were worth $22,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in HA Sustainable Infrastructure Capital by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock worth $974,000 after buying an additional 266 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of HA Sustainable Infrastructure Capital by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 29,154 shares of the real estate investment trust’s stock valued at $1,071,000 after acquiring an additional 300 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 1.7% in the first quarter. Kestra Advisory Services LLC now owns 19,788 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 336 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 valued at $85,000 after acquiring an additional 336 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 5.0% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 345 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. UBS Group lifted their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Morgan Stanley upped their target price on shares of HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Wells Fargo & Company increased their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada raised their price target on shares of HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, HA Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average target price of $46.90.

HA Sustainable Infrastructure Capital Stock Up 1.5%

Shares of HASI opened at $38.38 on Wednesday. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $24.38 and a 52-week high of $44.13. The company has a quick ratio of 12.10, a current ratio of 12.10 and a debt-to-equity ratio of 2.12. The stock has a fifty day simple moving average of $39.13 and a two-hundred day simple moving average of $37.74. The company has a market capitalization of $4.93 billion, a PE ratio of 109.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. HA Sustainable Infrastructure Capital had a net margin of 13.08% and a return on equity of 12.80%. The firm had revenue of $124.23 million during the quarter, compared to analyst estimates of $112.24 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, equities analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current year.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.4%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 485.71%.

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.