HA Sustainable Infrastructure Capital (NYSE:HASI) Sets New 12-Month High Following Dividend Announcement

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares reached a new 52-week high during trading on Friday following a dividend announcement from the company. The company traded as high as $32.29 and last traded at $30.7820, with a volume of 182173 shares changing hands. The stock had previously closed at $28.55.

The newly announced dividend which will be paid on Friday, January 9th. Investors of record on Monday, December 29th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.2%. The ex-dividend date is Monday, December 29th. HA Sustainable Infrastructure Capital’s payout ratio is 108.39%.

Analyst Ratings Changes

A number of brokerages have commented on HASI. The Goldman Sachs Group upped their price target on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, October 8th. UBS Group increased their price target on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital Stock Up 12.3%

The company has a 50-day moving average of $29.12 and a 200-day moving average of $27.43. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.05 and a beta of 1.63. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. HA Sustainable Infrastructure Capital had a net margin of 56.17% and a return on equity of 10.85%. The business had revenue of ($37.39) million during the quarter, compared to the consensus estimate of $27.97 million. HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. On average, equities analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of institutional investors have recently modified their holdings of HASI. Teacher Retirement System of Texas acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 1st quarter worth approximately $506,000. Principal Financial Group Inc. raised its position in shares of HA Sustainable Infrastructure Capital by 3.1% in the first quarter. Principal Financial Group Inc. now owns 592,282 shares of the real estate investment trust’s stock valued at $17,318,000 after buying an additional 17,880 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of HA Sustainable Infrastructure Capital by 4.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 221,645 shares of the real estate investment trust’s stock worth $6,481,000 after purchasing an additional 9,125 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in HA Sustainable Infrastructure Capital by 0.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 158,432 shares of the real estate investment trust’s stock valued at $4,600,000 after buying an additional 1,447 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 8.4% in the 1st quarter. Cerity Partners LLC now owns 19,332 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 1,497 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Company Profile

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company’s portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.