Hsbc Holdings PLC raised its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 68.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,263 shares of the real estate investment trust’s stock after acquiring an additional 20,461 shares during the quarter. Hsbc Holdings PLC’s holdings in HA Sustainable Infrastructure Capital were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in HASI. Raiffeisen Bank International AG boosted its stake in HA Sustainable Infrastructure Capital by 24.7% in the 4th quarter. Raiffeisen Bank International AG now owns 311,710 shares of the real estate investment trust’s stock worth $9,965,000 after purchasing an additional 61,710 shares during the period. JPMorgan Chase & Co. increased its position in shares of HA Sustainable Infrastructure Capital by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 2,060,698 shares of the real estate investment trust’s stock valued at $63,263,000 after buying an additional 323,361 shares during the period. Maven Securities LTD lifted its holdings in shares of HA Sustainable Infrastructure Capital by 811.1% in the third quarter. Maven Securities LTD now owns 91,107 shares of the real estate investment trust’s stock worth $2,797,000 after buying an additional 81,107 shares in the last quarter. Norges Bank purchased a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth about $59,561,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of HA Sustainable Infrastructure Capital by 27.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 550,786 shares of the real estate investment trust’s stock valued at $17,311,000 after acquiring an additional 117,235 shares during the period. 96.14% of the stock is owned by institutional investors.
HA Sustainable Infrastructure Capital Trading Up 0.3%
Shares of HASI opened at $39.09 on Wednesday. The firm’s 50 day simple moving average is $40.15 and its 200 day simple moving average is $37.16. The company has a market capitalization of $5.02 billion, a P/E ratio of 111.67, a P/E/G ratio of 1.15 and a beta of 1.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 12.10 and a quick ratio of 12.10. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $24.38 and a 1-year high of $44.13.
HA Sustainable Infrastructure Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, July 2nd. HA Sustainable Infrastructure Capital’s payout ratio is currently 485.71%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on HASI. Morgan Stanley boosted their price objective on shares of HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. UBS Group raised their price target on shares of HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on shares of HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Mizuho increased their price objective on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.90.
View Our Latest Report on HA Sustainable Infrastructure Capital
About HA Sustainable Infrastructure Capital
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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