Tidal Investments LLC increased its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 784,316 shares of the real estate investment trust’s stock after purchasing an additional 50,451 shares during the quarter. Tidal Investments LLC owned approximately 0.61% of HA Sustainable Infrastructure Capital worth $30,628,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the second quarter worth about $834,012,000. T. Rowe Price Investment Management Inc. boosted its position in HA Sustainable Infrastructure Capital by 24.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,604,443 shares of the real estate investment trust’s stock worth $207,578,000 after acquiring an additional 1,282,466 shares during the last quarter. California State Teachers Retirement System boosted its position in HA Sustainable Infrastructure Capital by 3,835.5% during the second quarter. California State Teachers Retirement System now owns 5,761,437 shares of the real estate investment trust’s stock worth $224,984,000 after acquiring an additional 5,615,041 shares during the last quarter. State Street Corp grew its stake in HA Sustainable Infrastructure Capital by 2.0% in the 4th quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock worth $172,499,000 after acquiring an additional 108,376 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in HA Sustainable Infrastructure Capital by 1,015.5% in 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 during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
HA Sustainable Infrastructure Capital Stock Performance
Shares of NYSE:HASI opened at $38.31 on Thursday. The firm has a market capitalization of $4.92 billion, a PE ratio of 72.28, a P/E/G ratio of 1.27 and a beta of 1.43. 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 business has a 50-day moving average of $39.20 and a two-hundred day moving average of $38.93. HA Sustainable Infrastructure Capital, Inc. has a 12 month low of $27.28 and a 12 month high of $44.13.
HA Sustainable Infrastructure Capital Dividend Announcement
The business 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. This represents a $1.70 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, October 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 320.75%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on HASI shares. Bank of America reissued a “buy” rating on shares of HA Sustainable Infrastructure Capital in a research note on Tuesday, August 18th. UBS Group reiterated a “neutral” rating and issued a $44.00 target price (down from $51.00) on shares of HA Sustainable Infrastructure Capital in a research note on Friday, September 4th. JPMorgan Chase & Co. increased their target price on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Mizuho raised their price target on HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.
View Our Latest Report on HA Sustainable Infrastructure Capital
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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