JPMorgan Chase & Co. Has $63.26 Million Position in HA Sustainable Infrastructure Capital, Inc. $HASI

JPMorgan Chase & Co. increased its position in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,060,698 shares of the real estate investment trust’s stock after buying an additional 323,361 shares during the quarter. JPMorgan Chase & Co. owned 1.66% of HA Sustainable Infrastructure Capital worth $63,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D grew its holdings in shares of HA Sustainable Infrastructure Capital by 5.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 77,744 shares of the real estate investment trust’s stock worth $2,387,000 after purchasing an additional 3,680 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of HA Sustainable Infrastructure Capital by 21.6% in the third quarter. Public Sector Pension Investment Board now owns 501,316 shares of the real estate investment trust’s stock valued at $15,390,000 after purchasing an additional 89,078 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in HA Sustainable Infrastructure Capital by 8.5% in the third quarter. Illinois Municipal Retirement Fund now owns 64,399 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 5,031 shares during the period. Savvy Advisors Inc. acquired a new stake in HA Sustainable Infrastructure Capital during the third quarter worth $218,000. Finally, Caprock Group LLC bought a new stake in HA Sustainable Infrastructure Capital in the 3rd quarter valued at $204,000. 96.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of HA Sustainable Infrastructure Capital stock in a transaction dated 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 $355,031.50. The trade was a 93.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HASI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a report on Monday, December 29th. Morgan Stanley raised their price target on shares of 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. TD Cowen lifted their price objective 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. Royal Bank Of Canada reissued an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, December 17th. Finally, Jefferies Financial Group raised their target price on HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average price target of $43.00.

HA Sustainable Infrastructure Capital Price Performance

Shares of HA Sustainable Infrastructure Capital stock opened at $36.99 on Wednesday. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 1.30 and a beta of 1.45. The firm’s 50-day moving average price is $34.56 and its two-hundred day moving average price is $31.66. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 1.94. HA Sustainable Infrastructure Capital, Inc. has a 1-year low of $21.98 and a 1-year high of $40.01.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $114.81 million for the quarter, compared to the consensus estimate of $28.74 million. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. On average, equities analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced 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. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, April 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is 123.53%.

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.