HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $44.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price objective lifted by Wells Fargo & Company from $37.00 to $44.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

HASI has been the topic of several other reports. The Goldman Sachs Group boosted their price target on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday. TD Cowen raised their target price on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group increased their price target on HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, November 10th. 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. Finally, Oppenheimer restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

HA Sustainable Infrastructure Capital Trading Up 0.3%

Shares of HASI stock opened at $37.26 on Wednesday. HA Sustainable Infrastructure Capital has a fifty-two week low of $21.98 and a fifty-two week high of $40.01. The stock’s fifty day moving average price is $34.38 and its two-hundred day moving average price is $31.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 11.03 and a current ratio of 9.20. The company has a market cap of $4.78 billion, a PE ratio of 27.39, a P/E/G ratio of 1.28 and a beta of 1.45.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data 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 $114.81 million for the quarter, compared to analyst estimates 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. Equities analysts predict that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.6%. This is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, April 2nd. HA Sustainable Infrastructure Capital’s payout ratio is presently 123.53%.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of the business’s 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in HASI. Cetera Investment Advisers raised its position in shares of HA Sustainable Infrastructure Capital by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 266 shares during the period. Smartleaf Asset Management LLC increased its stake in HA Sustainable Infrastructure Capital by 14.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 336 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in HA Sustainable Infrastructure Capital by 5.0% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 345 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of HA Sustainable Infrastructure Capital by 0.9% in the second quarter. Osaic Holdings Inc. now owns 45,899 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 389 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of HA Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Man Group plc now owns 6,979 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 395 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.