Norges Bank Invests $27.98 Million in HA Sustainable Infrastructure Capital, Inc. $HASI

by · The Markets Daily

Norges Bank bought a new stake in shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,041,671 shares of the real estate investment trust’s stock, valued at approximately $27,979,000. Norges Bank owned approximately 0.84% of HA Sustainable Infrastructure Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Legend Financial Advisors Inc. purchased a new stake in HA Sustainable Infrastructure Capital in the 2nd quarter worth $27,000. Zions Bancorporation National Association UT bought a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter worth about $79,000. Smartleaf Asset Management LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 94.9% in the first quarter. Smartleaf Asset Management LLC now owns 2,690 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,310 shares in the last quarter. Finally, CWM LLC boosted its stake in HA Sustainable Infrastructure Capital by 12.4% during the second quarter. CWM LLC now owns 4,552 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 501 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $33.39 on Monday. The firm has a market capitalization of $4.22 billion, a PE ratio of 14.33, a PEG ratio of 1.27 and a beta of 1.47. The stock’s fifty day moving average is $31.11 and its 200 day moving average is $28.47. HA Sustainable Infrastructure Capital, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $34.53. The company has a debt-to-equity ratio of 1.93, a quick ratio of 11.03 and a current ratio of 11.03.

HA Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. HA Sustainable Infrastructure Capital had a net margin of 79.69% and a return on equity of 11.97%. The company had revenue of ($37.39) million during the quarter, compared to analyst estimates of $27.97 million. HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. On average, sell-side analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 29th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, December 29th. HA Sustainable Infrastructure Capital’s dividend payout ratio is 72.10%.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of research reports. Morgan Stanley lifted their price objective on 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. UBS Group raised their target price on shares of HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, November 10th. The Goldman Sachs Group boosted their price target on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Jefferies Financial Group increased their price objective on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.11.

Read Our Latest Research Report on HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital Profile

(Free Report)

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company’s portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.

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