NewEdge Wealth LLC Takes $490,000 Position in HA Sustainable Infrastructure Capital, Inc. $HASI

NewEdge Wealth LLC purchased a new stake in HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,346 shares of the real estate investment trust’s stock, valued at approximately $490,000.

A number of other large investors have also added to or reduced their stakes in HASI. 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 in the last quarter. Norges Bank acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 in the last quarter. Schroder Investment Management Group increased its position in shares of HA Sustainable Infrastructure Capital by 140.4% in the fourth quarter. Schroder Investment Management Group now owns 2,248,200 shares of the real estate investment trust’s stock worth $70,661,000 after purchasing an additional 1,313,105 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in HA Sustainable Infrastructure Capital by 24.1% in 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 in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HASI shares. JPMorgan Chase & Co. increased their price objective on shares of HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. UBS Group boosted their price objective on shares of HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, May 13th. Royal Bank Of Canada raised their target price on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Citigroup boosted their price target on HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Ten 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.90.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $38.87 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 12.10 and a current ratio of 12.10. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $24.38 and a 52 week high of $44.13. The firm has a market cap of $4.99 billion, a PE ratio of 111.06, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The firm’s fifty day moving average is $38.90 and its 200-day moving average is $37.97.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $124.23 million during the quarter, compared to the consensus estimate of $112.24 million. HA Sustainable Infrastructure Capital had a return on equity of 12.80% and a net margin of 13.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Sell-side analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.71 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.70 annualized dividend and a dividend yield of 4.4%. HA Sustainable Infrastructure Capital’s dividend payout ratio is presently 485.71%.

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.