HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $54.00

by · The Markets Daily

HA Sustainable Infrastructure Capital (NYSE:HASIFree Report) had its price objective lifted by Morgan Stanley from $47.00 to $54.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on HASI. Wells Fargo & Company increased their price target on shares of HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Oppenheimer reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. The Goldman Sachs Group raised their target price on shares of HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. TD Cowen raised their target price on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Mizuho raised their target price on shares of HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.00.

Read Our Latest Stock Analysis on HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital Stock Up 0.1%

Shares of HASI opened at $38.59 on Tuesday. The stock has a market capitalization of $4.96 billion, a PE ratio of 28.37, a P/E/G ratio of 1.24 and a beta of 1.41. HA Sustainable Infrastructure Capital has a 1 year low of $21.98 and a 1 year high of $40.01. The company has a debt-to-equity ratio of 1.94, a quick ratio of 9.20 and a current ratio of 9.20. The company’s 50-day simple moving average is $36.70 and its 200-day simple moving average is $33.57.

HA Sustainable Infrastructure Capital (NYSE:HASIGet Free Report) last issued its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $114.81 million for the quarter, compared to analysts’ expectations 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. Analysts forecast that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.4%. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, April 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio is 125.00%.

Insiders Place Their Bets

In related news, Director Jeffrey Eckel sold 134,398 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.23, for a total value of $5,272,433.54. Following the sale, the director owned 9,050 shares of the company’s stock, valued at $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its stake in HA Sustainable Infrastructure Capital by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 266 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in HA Sustainable Infrastructure Capital by 14.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 336 shares during the last quarter. Pekin Hardy Strauss Inc. increased its stake in HA Sustainable Infrastructure Capital by 5.0% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 345 shares during the last quarter. Osaic Holdings Inc. increased its stake in HA Sustainable Infrastructure Capital by 0.9% in the second quarter. Osaic Holdings Inc. now owns 45,899 shares of the real estate investment trust’s stock valued at $1,233,000 after purchasing an additional 389 shares during the last quarter. Finally, Man Group plc increased its stake in HA Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Man Group plc now owns 6,979 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 395 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

About HA Sustainable Infrastructure Capital

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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.

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