Flputnam Investment Management Co. acquired a new position in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 24,737 shares of the real estate investment trust’s stock, valued at approximately $966,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of HA Sustainable Infrastructure Capital by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 14,050,580 shares of the real estate investment trust’s stock worth $441,610,000 after purchasing an additional 61,189 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings 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 valued at $207,578,000 after purchasing an additional 1,282,466 shares during the period. State Street Corp increased its position in HA Sustainable Infrastructure Capital by 2.0% in the fourth quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock worth $172,499,000 after buying an additional 108,376 shares during the last quarter. Alliancebernstein L.P. increased its position in 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 worth $117,012,000 after buying an additional 3,965,832 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,944,810 shares of the real estate investment trust’s stock valued at $92,572,000 after buying an additional 54,898 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
HA Sustainable Infrastructure Capital Price Performance
Shares of NYSE HASI opened at $42.09 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.89 and a current ratio of 8.89. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $27.28 and a fifty-two week high of $44.13. The stock has a market cap of $5.41 billion, a PE ratio of 79.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.43. The stock has a fifty day moving average of $38.77 and a 200-day moving average of $38.54.
HA Sustainable Infrastructure Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is 320.75%.
Analysts Set New Price Targets
HASI has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wells Fargo & Company lifted their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Citigroup boosted their price target on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, UBS Group upped their price target on shares of HA Sustainable Infrastructure Capital from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, HA Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average price target of $47.10.
Check Out Our Latest Stock Analysis on HASI
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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