HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $50.00 at TD Cowen

HA Sustainable Infrastructure Capital (NYSE:HASI) had its target price upped by TD Cowen from $40.00 to $50.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on HASI. UBS Group increased their price objective on shares of HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Oppenheimer reiterated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. Wells Fargo & Company lifted their price target on HA Sustainable Infrastructure Capital from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, December 17th. Finally, Morgan Stanley lifted their target price on HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

HA Sustainable Infrastructure Capital Trading Down 1.3%

NYSE HASI opened at $39.20 on Tuesday. HA Sustainable Infrastructure Capital has a one year low of $21.98 and a one year high of $40.01. The company has a debt-to-equity ratio of 1.94, a current ratio of 9.20 and a quick ratio of 11.03. The firm has a market cap of $4.96 billion, a P/E ratio of 28.82, a P/E/G ratio of 1.37 and a beta of 1.45. The stock’s 50-day moving average is $34.11 and its 200-day moving average is $31.24.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $198.28 million during the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Sell-side analysts anticipate that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The business 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 $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.3%. 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 dividend payout ratio is 123.53%.

Insider Activity

In related news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total transaction 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 represents a 93.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in shares of HA Sustainable Infrastructure Capital in the third quarter valued at $27,000. iSAM Funds UK Ltd acquired a new stake in HA Sustainable Infrastructure Capital in the third quarter valued at $27,000. Triumph Capital Management acquired a new stake in HA Sustainable Infrastructure Capital in the fourth quarter valued at $29,000. Hantz Financial Services Inc. grew its position in shares of HA Sustainable Infrastructure Capital by 630.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,142 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of HA Sustainable Infrastructure Capital by 101.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 977 shares during the last quarter. Institutional investors 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.