HA Sustainable Infrastructure Capital (NYSE:HASI) Releases Earnings Results, Misses Expectations By $0.04 EPS

HA Sustainable Infrastructure Capital (NYSE:HASI) announced its earnings results on Thursday. The real estate investment trust reported $0.63 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.04), Zacks reports. HA Sustainable Infrastructure Capital had a net margin of 79.69% and a return on equity of 11.97%.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded down $1.33 during trading hours on Thursday, reaching $35.90. 1,408,074 shares of the stock were exchanged, compared to its average volume of 955,628. The stock has a market capitalization of $4.54 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.27 and a beta of 1.45. The firm has a 50 day simple moving average of $33.68 and a 200-day simple moving average of $30.87. The company has a quick ratio of 11.03, a current ratio of 11.03 and a debt-to-equity ratio of 1.93. HA Sustainable Infrastructure Capital has a 52 week low of $21.98 and a 52 week high of $38.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target 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. Jefferies Financial Group upped their price objective on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, December 17th. UBS Group boosted 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Hedge funds have recently added to or reduced their stakes in the business. iSAM Funds UK Ltd acquired a new stake in shares of HA Sustainable Infrastructure Capital during the third quarter worth $27,000. Triumph Capital Management acquired a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $61,000 after buying an additional 977 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in HA Sustainable Infrastructure Capital during the third quarter worth about $72,000. Finally, Man Group plc bought a new position in HA Sustainable Infrastructure Capital in the third quarter worth about $202,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.