HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $44.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price target increased by UBS Group from $40.00 to $44.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

HASI has been the subject of a number of other reports. The Goldman Sachs Group increased their price target on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Oppenheimer restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, December 29th. Wells Fargo & Company increased their price objective on shares of HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, TD Cowen lifted their price target on shares of 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. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.22.

HA Sustainable Infrastructure Capital Trading Up 2.1%

HASI opened at $37.06 on Monday. The firm has a market cap of $4.75 billion, a P/E ratio of 27.25, a P/E/G 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. The stock has a 50-day moving average of $35.02 and a 200 day moving average of $32.05. HA Sustainable Infrastructure Capital has a 12 month low of $21.98 and a 12 month high of $40.01.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $114.81 million for the quarter, compared to analyst estimates 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. As a group, research analysts forecast that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.6%. The ex-dividend date is Thursday, April 2nd. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital’s payout ratio is presently 123.53%.

Insider Activity

In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 9,050 shares of the company’s stock, valued at approximately $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of HA Sustainable Infrastructure Capital

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HA Sustainable Infrastructure Capital by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,956 shares of the real estate investment trust’s stock worth $2,046,000 after buying an additional 4,212 shares during the last quarter. United Services Automobile Association acquired a new stake in HA Sustainable Infrastructure Capital in the 1st quarter valued at $222,000. Jane Street Group LLC raised its holdings in shares of HA Sustainable Infrastructure Capital by 49.9% during the 1st quarter. Jane Street Group LLC now owns 104,926 shares of the real estate investment trust’s stock valued at $3,068,000 after buying an additional 34,932 shares during the period. Intech Investment Management LLC raised its stake in shares of HA Sustainable Infrastructure Capital by 13.6% during the first quarter. Intech Investment Management LLC now owns 47,566 shares of the real estate investment trust’s stock valued at $1,391,000 after purchasing an additional 5,683 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in HA Sustainable Infrastructure Capital by 5.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,290 shares of the real estate investment trust’s stock worth $491,000 after buying an additional 985 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.