Principal Financial Group Inc. Raises Stock Position in HA Sustainable Infrastructure Capital, Inc. $HASI

Principal Financial Group Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 620,243 shares of the real estate investment trust’s stock after purchasing an additional 19,506 shares during the period. Principal Financial Group Inc. owned about 0.48% of HA Sustainable Infrastructure Capital worth $22,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HASI. iSAM Funds UK Ltd purchased a new position in shares of HA Sustainable Infrastructure Capital during the 3rd quarter valued at about $27,000. Triumph Capital Management purchased a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth about $29,000. Northwestern Mutual Wealth Management Co. grew its holdings in HA Sustainable Infrastructure Capital by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 977 shares during the period. Hantz Financial Services Inc. grew its holdings in HA Sustainable Infrastructure Capital by 60.4% during the fourth quarter. Hantz Financial Services Inc. now owns 2,122 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 799 shares during the period. Finally, Quadrant Capital Group LLC purchased a new position in HA Sustainable Infrastructure Capital during the third quarter valued at approximately $72,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $38.38 on Wednesday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 109.64, a PEG ratio of 1.12 and a beta of 1.43. HA Sustainable Infrastructure Capital, Inc. has a twelve month low of $24.38 and a twelve month high of $44.13. The company has a current ratio of 12.10, a quick ratio of 12.10 and a debt-to-equity ratio of 2.12. The stock has a 50-day moving average of $39.13 and a 200 day moving average of $37.74.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. The company had revenue of $124.23 million for the quarter, compared to analyst estimates 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 anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.425 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.4%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 485.71%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HASI shares. Royal Bank Of Canada boosted their price target 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. UBS Group raised their price objective on shares of HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Morgan Stanley boosted their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.90.

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.