Insider Selling: HA Sustainable Infrastructure Capital (NYSE:HASI) Director Sells 134,398 Shares of Stock

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Director Jeffrey Eckel sold 134,398 shares of the 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 transaction, the director owned 9,050 shares of the company’s stock, valued at $355,031.50. The trade was a 93.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded down $0.50 on Tuesday, reaching $39.20. 2,013,553 shares of the company’s stock were exchanged, compared to its average volume of 1,089,879. 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 firm has a market cap of $4.96 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 1.37 and a beta of 1.45. HA Sustainable Infrastructure Capital, Inc. has a 52 week low of $21.98 and a 52 week high of $40.01. The stock has a fifty day simple moving average of $33.98 and a 200-day simple moving average of $31.14.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. The company had revenue of $198.28 million during the quarter, compared to the consensus estimate of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, sell-side analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Thursday, April 2nd. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital’s dividend payout ratio is presently 125.00%.

Institutional Trading of HA Sustainable Infrastructure Capital

A number of hedge funds have recently made changes to their positions in HASI. Swedbank AB lifted its position in HA Sustainable Infrastructure Capital by 4.8% in the 3rd quarter. Swedbank AB now owns 1,635,072 shares of the real estate investment trust’s stock worth $50,197,000 after buying an additional 75,504 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 4,646.6% during the third quarter. Farther Finance Advisors LLC now owns 42,007 shares of the real estate investment trust’s stock worth $1,290,000 after acquiring an additional 41,122 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in shares of HA Sustainable Infrastructure Capital in the 2nd quarter worth approximately $6,297,000. Baird Financial Group Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 7.6% in the 2nd quarter. Baird Financial Group Inc. now owns 533,666 shares of the real estate investment trust’s stock valued at $14,334,000 after purchasing an additional 37,678 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of HA Sustainable Infrastructure Capital by 306.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 433,551 shares of the real estate investment trust’s stock valued at $13,310,000 after purchasing an additional 326,810 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. 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 restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, December 17th. Oppenheimer reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research note on Tuesday, December 16th. Jefferies Financial Group increased their target price on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, TD Cowen boosted their price target on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

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.