HA Sustainable Infrastructure Capital (NYSE:HASI) Sets New 52-Week High – Here’s Why

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s stock price reached a new 52-week high on Thursday . The company traded as high as $34.94 and last traded at $34.9220, with a volume of 126393 shares traded. The stock had previously closed at $34.34.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HASI shares. The Goldman Sachs Group boosted their price objective on shares of 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. UBS Group upped their price target on 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. Morgan Stanley lifted their price objective on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Jefferies Financial Group boosted their target price on HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Wells Fargo & Company lifted their price target on HA Sustainable Infrastructure Capital from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

HA Sustainable Infrastructure Capital Stock Up 1.6%

The company’s 50 day simple moving average is $33.12 and its 200-day simple moving average is $30.03. The company has a current ratio of 11.03, a quick ratio of 11.03 and a debt-to-equity ratio of 1.93. The firm has a market cap of $4.42 billion, a P/E ratio of 14.98, a PEG ratio of 1.16 and a beta of 1.45.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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 firm 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. Research analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 4.8%. HA Sustainable Infrastructure Capital’s payout ratio is currently 72.10%.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of HA Sustainable Infrastructure Capital by 1,015.5% in the second 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in HA Sustainable Infrastructure Capital by 1,285.0% in the 3rd 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 worth $58,438,000 after acquiring an additional 1,766,093 shares in the last quarter. Norges Bank purchased a new stake in HA Sustainable Infrastructure Capital in the 2nd quarter worth approximately $27,979,000. Marshall Wace LLP raised its stake in HA Sustainable Infrastructure Capital by 450.0% during the 3rd quarter. Marshall Wace LLP now owns 914,226 shares of the real estate investment trust’s stock worth $28,067,000 after acquiring an additional 748,010 shares during the period. Finally, First Trust Advisors LP raised its stake in HA Sustainable Infrastructure Capital by 101.8% during the 2nd quarter. First Trust Advisors LP now owns 653,598 shares of the real estate investment trust’s stock worth $17,556,000 after acquiring an additional 329,754 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

About HA Sustainable Infrastructure Capital

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.