HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $38.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price objective lifted by The Goldman Sachs Group from $33.00 to $38.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also recently commented on HASI. TD Cowen lifted 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. Morgan Stanley raised their price target 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 boosted their price objective 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. Royal Bank Of Canada reissued an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, December 17th. Finally, Wells Fargo & Company lifted their target price on shares of HA Sustainable Infrastructure Capital from $33.00 to $37.00 and gave the company an “overweight” rating in a 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. Based on data from MarketBeat, HA Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $37.13 on Tuesday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.31 and a beta of 1.45. HA Sustainable Infrastructure Capital has a 52-week low of $21.98 and a 52-week high of $40.01. The company has a quick ratio of 11.03, a current ratio of 9.20 and a debt-to-equity ratio of 1.94. The stock has a 50 day moving average price of $34.29 and a 200 day moving average price of $31.32.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $114.81 million during the quarter, compared to the consensus estimate of $28.74 million. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Research 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 announced 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 is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, April 2nd. This represents a $1.70 annualized dividend and a dividend yield of 4.6%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.53%.

Insider Transactions at HA Sustainable Infrastructure Capital

In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the completion of the transaction, the director owned 9,050 shares in the company, valued at approximately $355,031.50. This represents a 93.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in HA Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $27,000. iSAM Funds UK Ltd acquired a new stake in shares of HA Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $27,000. Triumph Capital Management acquired a new stake in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at approximately $29,000. Hantz Financial Services Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 630.9% in the third 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in HA Sustainable Infrastructure Capital by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 977 shares during the period. 96.14% of the stock is 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.