Key Points
- Director Jeffrey Eckel sold 134,398 shares at an average price of $39.23 on Feb. 17 for about $5.27 million, reducing his ownership by 93.69% to 9,050 shares.
- Dividend increased: the company raised its quarterly payout to $0.425 (annualized $1.70) for a 4.3% yield, though the payout ratio is elevated at 123.53%.
- Results and outlook: quarterly EPS met estimates at $0.67 with revenue of $198.28 million, FY2028 guidance is $3.50–$3.60 EPS, and analysts hold a consensus "Moderate Buy" with an average target of $42.13.
HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) Director Jeffrey Eckel sold 134,398 shares of the firm's stock in a transaction 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 trade represents a 93.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
HA Sustainable Infrastructure Capital Trading Down 1.3%
Shares of HA Sustainable Infrastructure Capital stock opened at $39.20 on Wednesday. HA Sustainable Infrastructure Capital, Inc. has a 52-week low of $21.98 and a 52-week high of $40.01. The firm has a market capitalization of $4.96 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 1.94, a current ratio of 9.20 and a quick ratio of 11.03. The company's fifty day moving average price is $34.11 and its two-hundred day moving average price is $31.24.
HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $198.28 million for the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. On average, analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.
HA Sustainable Infrastructure Capital Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, April 2nd. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's payout ratio is currently 123.53%.
Analyst Ratings Changes
A number of analysts have weighed in on HASI shares. Wells Fargo & Company upped their price target on HA Sustainable Infrastructure Capital from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of HA Sustainable Infrastructure Capital in a report on Monday, December 29th. Royal Bank Of Canada reissued an "outperform" rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, December 17th. UBS Group upped their price objective on shares of HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, November 10th. Finally, TD Cowen lifted their target price on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.13.
Read Our Latest Stock Analysis on HASI
Institutional Trading of HA Sustainable Infrastructure Capital
Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in HA Sustainable Infrastructure Capital by 1,015.5% during the 2nd quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust's stock worth $117,012,000 after buying an additional 3,965,832 shares in the last quarter. Norges Bank bought a new stake in shares of HA Sustainable Infrastructure Capital during the fourth quarter worth $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of HA Sustainable Infrastructure Capital by 1,285.0% during the third 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 valued at $58,438,000 after acquiring an additional 1,766,093 shares during the period. Schroder Investment Management Group boosted its holdings in 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 valued at $70,661,000 after acquiring an additional 1,313,105 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in HA Sustainable Infrastructure Capital by 450.0% in the third quarter. Marshall Wace LLP now owns 914,226 shares of the real estate investment trust's stock valued at $28,067,000 after acquiring an additional 748,010 shares during the last quarter. 96.14% of the stock is owned by institutional investors.
About HA Sustainable Infrastructure Capital
(
Get Free Report)
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
