Maryland State Retirement & Pension System decreased its holdings in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 49.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,813 shares of the real estate investment trust’s stock after selling 17,727 shares during the quarter. Maryland State Retirement & Pension System’s holdings in HA Sustainable Infrastructure Capital were worth $547,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HASI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of HA Sustainable Infrastructure Capital by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,956 shares of the real estate investment trust’s stock worth $2,046,000 after buying an additional 4,212 shares during the period. United Services Automobile Association acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $222,000. Jane Street Group LLC grew its position in shares of HA Sustainable Infrastructure Capital by 49.9% in the first quarter. Jane Street Group LLC now owns 104,926 shares of the real estate investment trust’s stock valued at $3,068,000 after purchasing an additional 34,932 shares during the period. Intech Investment Management LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 13.6% during the first quarter. Intech Investment Management LLC now owns 47,566 shares of the real estate investment trust’s stock worth $1,391,000 after purchasing an additional 5,683 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital during the 2nd quarter worth about $27,000. 96.14% of the stock is owned by institutional investors and hedge funds.
HA Sustainable Infrastructure Capital Stock Up 0.6%
Shares of HASI opened at $34.53 on Friday. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $35.10. The company has a quick ratio of 11.03, a current ratio of 11.03 and a debt-to-equity ratio of 1.93. The stock has a fifty day simple moving average of $33.15 and a two-hundred day simple moving average of $30.06. The company has a market capitalization of $4.37 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45.
HA Sustainable Infrastructure Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were issued a dividend of $0.42 per share. The ex-dividend date was Monday, December 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.9%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 72.10%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on HASI shares. Morgan Stanley boosted their price objective on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, December 29th. The Goldman Sachs Group increased their price objective on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, December 17th. Finally, Oppenheimer reiterated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, December 16th. Nine 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 a consensus rating of “Moderate Buy” and a consensus price target of $40.00.
Read Our Latest Research Report on HASI
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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