HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $50.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price target upped by TD Cowen from $40.00 to $50.00 in a report issued on Tuesday, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on HASI. UBS Group upped 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. Morgan Stanley boosted their price target on shares of HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a report on Monday, December 29th. Wells Fargo & Company lifted their target price 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. Finally, Oppenheimer reissued an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, December 16th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.00.

HA Sustainable Infrastructure Capital Trading Down 1.7%

NYSE:HASI opened at $37.13 on Tuesday. HA Sustainable Infrastructure Capital has a 1 year low of $21.98 and a 1 year high of $40.01. The stock has a market cap of $4.76 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.31 and a beta of 1.45. 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 stock has a 50-day simple moving average of $34.29 and a 200-day simple moving average of $31.32.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results 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 firm had revenue of $114.81 million during the quarter, compared to analysts’ expectations 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. As a group, analysts anticipate that HA Sustainable Infrastructure Capital will post 2.45 earnings per share 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 Activity

In other news, Director Jeffrey Eckel sold 134,398 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the completion of the sale, the director owned 9,050 shares in the company, valued at $355,031.50. This represents a 93.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of HA Sustainable Infrastructure Capital

Hedge funds have recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new position in shares of HA Sustainable Infrastructure Capital during the third quarter worth about $27,000. Salomon & Ludwin LLC purchased a new stake in HA Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $27,000. Triumph Capital Management acquired a new position in HA Sustainable Infrastructure Capital during the 4th quarter worth approximately $29,000. Hantz Financial Services Inc. raised its stake 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 worth $41,000 after buying an additional 1,142 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of HA Sustainable Infrastructure Capital by 101.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 977 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.