HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $40.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its target price raised by UBS Group from $39.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on HASI. Wall Street Zen upgraded shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

HA Sustainable Infrastructure Capital Stock Down 0.0%

HASI opened at $33.99 on Monday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. The company has a market capitalization of $4.23 billion, a PE ratio of 21.93, a P/E/G ratio of 1.05 and a beta of 1.63. The stock’s fifty day moving average is $29.48 and its 200-day moving average is $27.64. HA Sustainable Infrastructure Capital has a one year low of $21.98 and a one year high of $34.28.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results 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 56.17% and a return on equity of 10.85%. The firm had revenue of ($37.39) million for the quarter, compared to analysts’ expectations of $27.97 million. HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. On average, equities analysts predict that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, December 29th. HA Sustainable Infrastructure Capital’s payout ratio is 72.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HASI. Salomon & Ludwin LLC purchased a new stake in HA Sustainable Infrastructure Capital in the 3rd quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth $29,000. Legend Financial Advisors Inc. acquired a new stake in HA Sustainable Infrastructure Capital during the second quarter valued at $27,000. Signaturefd LLC increased its position in HA Sustainable Infrastructure Capital by 72.4% in the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 495 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 630.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,142 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

About HA Sustainable Infrastructure Capital

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.