HA Sustainable Infrastructure Capital (NYSE:HASI) Given New $54.00 Price Target at Morgan Stanley

HA Sustainable Infrastructure Capital (NYSE:HASI) had its target price lifted by Morgan Stanley from $47.00 to $54.00 in a research note published on Tuesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the company. The Goldman Sachs Group raised their price target on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” 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 note on Wednesday, December 17th. UBS Group raised their target price on shares of HA Sustainable Infrastructure Capital from $40.00 to $44.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Monday, December 29th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, HA Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average price target of $44.00.

HA Sustainable Infrastructure Capital Price Performance

HASI stock opened at $37.78 on Tuesday. The firm has a 50 day moving average of $36.55 and a 200-day moving average of $33.50. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.19 and a beta of 1.41. 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 has a 12-month low of $21.98 and a 12-month high of $40.01.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.The business had revenue of $114.81 million for the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, equities analysts expect that HA Sustainable Infrastructure Capital will post 2.45 EPS 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. Investors of record on Thursday, April 2nd will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, April 2nd. 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 4.5%. HA Sustainable Infrastructure Capital’s dividend payout ratio is 125.00%.

Insider Buying and Selling

In related news, Director Jeffrey Eckel sold 134,398 shares of HA Sustainable Infrastructure Capital stock in a transaction dated 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 sale, the director owned 9,050 shares in the company, valued at approximately $355,031.50. This trade represents a 93.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Several hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in shares of HA Sustainable Infrastructure Capital by 0.9% during the 4th quarter. Cetera Investment Advisers now owns 30,998 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 266 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of HA Sustainable Infrastructure Capital by 14.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 336 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in HA Sustainable Infrastructure Capital by 5.0% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 7,310 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 345 shares during the period. Osaic Holdings Inc. grew its stake in HA Sustainable Infrastructure Capital by 0.9% in the 2nd quarter. Osaic Holdings Inc. now owns 45,899 shares of the real estate investment trust’s stock worth $1,233,000 after acquiring an additional 389 shares during the period. Finally, Man Group plc grew its stake in HA Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Man Group plc now owns 6,979 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 395 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

About HA Sustainable Infrastructure Capital

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.