Citigroup Issues Positive Forecast for HA Sustainable Infrastructure Capital (NYSE:HASI) Stock Price

HA Sustainable Infrastructure Capital (NYSE:HASI) had its target price upped by Citigroup from $36.00 to $50.00 in a research note released on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the real estate investment trust’s stock.

HASI has been the topic of several other reports. TD Cowen upped their target price on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Morgan Stanley upped their price objective on shares of HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, December 29th. The Goldman Sachs Group boosted their target price on shares of HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company increased their price target on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.00.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HA Sustainable Infrastructure Capital stock opened at $40.57 on Tuesday. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 1.94. HA Sustainable Infrastructure Capital has a twelve month low of $23.73 and a twelve month high of $41.70. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.30 and a beta of 1.41. The company’s fifty day moving average is $37.40 and its 200 day moving average is $34.16.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share (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 during 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. Sell-side analysts forecast that HA Sustainable Infrastructure Capital will post 2.71 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd were issued a $0.425 dividend. The ex-dividend date was Thursday, April 2nd. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 4.2%. HA Sustainable Infrastructure Capital’s dividend payout ratio is 125.00%.

Insider Buying and Selling at HA Sustainable Infrastructure Capital

In other 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 transaction of $5,272,433.54. Following the transaction, the director owned 9,050 shares of the company’s stock, valued at $355,031.50. This represents a 93.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of HA Sustainable Infrastructure Capital by 6.4% during the first 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 purchasing an additional 4,212 shares during the period. 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 increased its stake in 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 purchasing an additional 34,932 shares in the last quarter. Intech Investment Management LLC increased its stake in HA Sustainable Infrastructure Capital by 13.6% during the 1st 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 in the last quarter. Finally, Cetera Investment Advisers raised its holdings in HA Sustainable Infrastructure Capital by 12.9% during the second quarter. Cetera Investment Advisers now owns 27,544 shares of the real estate investment trust’s stock worth $740,000 after buying an additional 3,139 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.