PDT Partners LLC acquired a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 132,039 shares of the real estate investment trust’s stock, valued at approximately $5,156,000.
A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of HA Sustainable Infrastructure Capital in the second quarter worth $834,012,000. Alliancebernstein L.P. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 1,015.5% during the 2nd quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust’s stock valued at $117,012,000 after acquiring an additional 3,965,832 shares in the last quarter. Norges Bank acquired a new position in shares of HA Sustainable Infrastructure Capital during the 4th quarter valued at $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in HA Sustainable Infrastructure Capital by 1,285.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,903,532 shares of the real estate investment trust’s stock worth $58,438,000 after purchasing an additional 1,766,093 shares during the period. Finally, Neumeier Poma Investment Counsel LLC purchased a new stake in HA Sustainable Infrastructure Capital during the 2nd quarter worth $60,865,790,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Stock Performance
HA Sustainable Infrastructure Capital stock opened at $39.75 on Wednesday. HA Sustainable Infrastructure Capital, Inc. has a 12-month low of $27.28 and a 12-month high of $44.13. 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 company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 75.00, a price-to-earnings-growth ratio of 1.28 and a beta of 1.43. The firm’s fifty day moving average price is $39.11 and its 200 day moving average price is $38.78.
HA Sustainable Infrastructure Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.70 dividend on an annualized basis and a yield of 4.3%. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 320.75%.
Wall Street Analysts Forecast Growth
HASI has been the topic of several research reports. UBS Group raised their price objective on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada upped their target price on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Friday, August 7th. Finally, Bank of America reissued a “buy” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, August 18th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.40.
View Our Latest Research Report on HA Sustainable Infrastructure Capital
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.
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