Analysts Set HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Target Price at $46.90

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $46.90.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Morgan Stanley increased their target price on HA Sustainable Infrastructure Capital from $54.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Citigroup lifted their price target on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company upped their price objective on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Several large investors have recently added to or reduced their stakes in HASI. Vanguard Group Inc. grew its position in HA Sustainable Infrastructure Capital by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 14,050,580 shares of the real estate investment trust’s stock worth $441,610,000 after purchasing an additional 61,189 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of HA Sustainable Infrastructure Capital by 24.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,604,443 shares of the real estate investment trust’s stock valued at $207,578,000 after acquiring an additional 1,282,466 shares during the period. State Street Corp increased its stake in shares of HA Sustainable Infrastructure Capital by 2.0% during the 4th quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock worth $172,499,000 after purchasing an additional 108,376 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of HA Sustainable Infrastructure Capital by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 4,406,564 shares of the real estate investment trust’s stock worth $135,282,000 after purchasing an additional 50,212 shares during the period. Finally, Geode Capital Management LLC lifted its stake in HA Sustainable Infrastructure Capital by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,944,810 shares of the real estate investment trust’s stock valued at $92,572,000 after purchasing an additional 54,898 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $38.47 on Friday. The company has a current ratio of 12.10, a quick ratio of 12.10 and a debt-to-equity ratio of 2.12. The firm’s 50-day moving average price is $39.25 and its 200-day moving average price is $37.61. The firm has a market capitalization of $4.94 billion, a P/E ratio of 109.92, a P/E/G ratio of 1.13 and a beta of 1.43. HA Sustainable Infrastructure Capital has a 1-year low of $24.38 and a 1-year high of $44.13.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. HA Sustainable Infrastructure Capital had a return on equity of 12.80% and a net margin of 13.08%.The business had revenue of $124.23 million during the quarter, compared to analyst estimates of $112.24 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Equities research analysts anticipate that HA Sustainable Infrastructure Capital will post 2.71 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.70 annualized dividend and a dividend yield of 4.4%. HA Sustainable Infrastructure Capital’s payout ratio is presently 485.71%.

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.