HA Sustainable Infrastructure Capital (NYSE:HASI) Given New $38.00 Price Target at The Goldman Sachs Group

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price objective hoisted by The Goldman Sachs Group from $33.00 to $38.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on HASI. UBS Group boosted 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 note on Monday, November 10th. Wells Fargo & Company boosted their price target on HA Sustainable Infrastructure Capital from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Oppenheimer reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Tuesday, December 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

HA Sustainable Infrastructure Capital Stock Down 1.3%

NYSE:HASI opened at $39.20 on Tuesday. HA Sustainable Infrastructure Capital has a twelve month low of $21.98 and a twelve month high of $40.01. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth 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. The stock’s 50 day moving average price is $34.11 and its two-hundred day moving average price is $31.24.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $198.28 million during the quarter, compared to the consensus estimate 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. Equities research analysts expect that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a 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 (DPR) is 123.53%.

Insider Buying and Selling at HA Sustainable Infrastructure Capital

In related 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 transaction of $5,272,433.54. Following the transaction, the director directly owned 9,050 shares of the company’s stock, valued at approximately $355,031.50. This trade represents a 93.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HASI. Salomon & Ludwin LLC acquired a new stake in HA Sustainable Infrastructure Capital during the third quarter worth about $27,000. iSAM Funds UK Ltd bought a new stake in shares of HA Sustainable Infrastructure Capital during the 3rd quarter worth approximately $27,000. Triumph Capital Management acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth approximately $29,000. Hantz Financial Services Inc. boosted its position in shares of 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 worth $41,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in HA Sustainable Infrastructure Capital by 101.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 977 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.