Maven Securities LTD boosted its stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 811.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,107 shares of the real estate investment trust’s stock after purchasing an additional 81,107 shares during the quarter. Maven Securities LTD owned about 0.07% of HA Sustainable Infrastructure Capital worth $2,797,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its holdings in shares of HA Sustainable Infrastructure Capital by 60.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,625 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 2,500 shares during the period. Danske Bank A S bought a new position in HA Sustainable Infrastructure Capital in the 3rd quarter worth $640,000. Abel Hall LLC lifted its position in HA Sustainable Infrastructure Capital by 42.7% during the 3rd quarter. Abel Hall LLC now owns 17,067 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 5,104 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in HA Sustainable Infrastructure Capital by 6.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 143,215 shares of the real estate investment trust’s stock worth $4,424,000 after acquiring an additional 8,080 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in HA Sustainable Infrastructure Capital during the third quarter valued at about $425,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Trading Up 0.7%
Shares of HASI stock opened at $36.51 on Wednesday. The firm has a fifty day moving average of $35.72 and a 200-day moving average of $32.59. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.16 and a beta of 1.44. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $40.01. The company has a debt-to-equity ratio of 1.94, a quick ratio of 9.20 and a current ratio of 9.20.
HA Sustainable Infrastructure Capital Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be paid a $0.425 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.70 annualized dividend and a dividend yield of 4.7%. This is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 123.53%.
Insider Buying and Selling at HA Sustainable Infrastructure Capital
In other news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total value of $5,272,433.54. Following the completion of the transaction, the director directly owned 9,050 shares of the company’s stock, valued at approximately $355,031.50. This represents a 93.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Analyst Ratings Changes
HASI has been the topic of several research analyst reports. Mizuho raised their price target on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Monday, December 29th. Wells Fargo & Company increased their target price on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. TD Cowen raised their target price on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group lifted their price target on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.22.
Check Out Our Latest Stock Analysis 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.
Further Reading
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