HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $41.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price target boosted by Mizuho from $34.00 to $41.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

HASI has been the topic of a number of other reports. TD Cowen boosted their price objective on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, December 17th. Morgan Stanley lifted their price objective on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company increased their target price on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group raised their target price on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Ten equities research 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, HA Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and a consensus price target of $43.22.

HA Sustainable Infrastructure Capital Trading Down 1.5%

Shares of HASI stock opened at $35.89 on Wednesday. HA Sustainable Infrastructure Capital has a 1 year low of $21.98 and a 1 year high of $40.01. The firm’s fifty day simple moving average is $35.14 and its 200 day simple moving average is $32.14. The firm has a market capitalization of $4.60 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.44. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 1.94.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. The firm had revenue of $114.81 million during the quarter, compared to analysts’ expectations of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, sell-side analysts predict that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 4.7%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.53%.

Insider Activity at HA Sustainable Infrastructure Capital

In other news, Director Jeffrey Eckel sold 134,398 shares of the business’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 value of $5,272,433.54. Following the transaction, the director directly owned 9,050 shares of the company’s stock, valued at $355,031.50. The trade was a 93.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC increased its stake in shares of HA Sustainable Infrastructure Capital by 68.7% in the fourth quarter. Hsbc Holdings PLC now owns 50,263 shares of the real estate investment trust’s stock valued at $1,587,000 after buying an additional 20,461 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in HA Sustainable Infrastructure Capital by 24.1% in 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 in the last quarter. Invesco Ltd. increased its position in HA Sustainable Infrastructure Capital by 20.5% in the 4th quarter. Invesco Ltd. now owns 1,656,700 shares of the real estate investment trust’s stock valued at $52,070,000 after acquiring an additional 281,778 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth about $218,000. Finally, Millennium Management LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 88.1% during the fourth quarter. Millennium Management LLC now owns 82,118 shares of the real estate investment trust’s stock worth $2,581,000 after purchasing an additional 38,464 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.