HA Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 12-Month High Following Analyst Upgrade

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares hit a new 52-week high on Tuesday after The Goldman Sachs Group raised their price target on the stock from $33.00 to $38.00. The Goldman Sachs Group currently has a neutral rating on the stock. HA Sustainable Infrastructure Capital traded as high as $39.88 and last traded at $39.6860, with a volume of 367262 shares. The stock had previously closed at $39.70.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group upped their price target on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Monday, December 29th. Morgan Stanley increased their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Oppenheimer restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. Finally, UBS Group increased their price objective on HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.13.

Insider Transactions at HA Sustainable Infrastructure Capital

In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of the firm’s 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 sale, the director directly owned 9,050 shares in the company, valued at $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 available at this link. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Hedge funds have recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new position in HA Sustainable Infrastructure Capital in the third quarter worth $27,000. Salomon & Ludwin LLC purchased a new stake in shares of HA Sustainable Infrastructure Capital in the 3rd quarter worth about $27,000. Triumph Capital Management bought a new position in shares of HA Sustainable Infrastructure Capital in the 4th quarter worth about $29,000. Hantz Financial Services Inc. lifted its position in HA Sustainable Infrastructure Capital by 630.9% during 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. boosted its stake in HA Sustainable Infrastructure Capital by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 977 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Trading Down 1.3%

The stock’s fifty day simple moving average is $34.11 and its two-hundred day simple moving average is $31.24. The firm has a market cap of $4.96 billion, a PE ratio of 28.82, a PEG ratio of 1.37 and a beta of 1.45. The company has a quick ratio of 11.03, a current 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $198.28 million during 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. On average, sell-side analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be paid a $0.425 dividend. This is an increase from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, April 2nd. HA Sustainable Infrastructure Capital’s payout ratio is currently 123.53%.

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.