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

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price objective upped by JPMorgan Chase & Co. from $46.00 to $50.00 in a research report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on HASI. The Goldman Sachs Group raised their price objective on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Citigroup raised their price objective on HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Mizuho raised their price objective on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Wells Fargo & Company raised their price objective on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Finally, Morgan Stanley raised their target price on HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.60.

HA Sustainable Infrastructure Capital Stock Performance

HASI opened at $40.65 on Monday. The firm has a market cap of $5.22 billion, a PE ratio of 116.14, a P/E/G ratio of 1.31 and a beta of 1.47. The company has a quick ratio of 9.20, a current ratio of 12.10 and a debt-to-equity ratio of 2.12. The business has a fifty day simple moving average of $38.54 and a 200-day simple moving average of $35.33. HA Sustainable Infrastructure Capital has a fifty-two week low of $24.28 and a fifty-two week high of $44.13.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. The business had revenue of $124.23 million during the quarter, compared to analyst estimates of $112.24 million. HA Sustainable Infrastructure Capital had a return on equity of 12.80% and a net margin of 13.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, equities analysts predict that HA Sustainable Infrastructure Capital will post 2.71 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 2nd. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 485.71%.

Insider Activity at HA Sustainable Infrastructure Capital

In other news, Director Jeffrey Eckel sold 134,398 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was 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 owned 9,050 shares of the company’s stock, 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. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of HA Sustainable Infrastructure Capital

Institutional investors have recently bought and sold shares of the company. iSAM Funds UK Ltd acquired a new stake in HA Sustainable Infrastructure Capital during the third quarter valued at $27,000. Triumph Capital Management acquired a new stake in HA Sustainable Infrastructure Capital during the fourth quarter valued at $29,000. Hantz Financial Services Inc. boosted its position in HA Sustainable Infrastructure Capital by 630.9% during the third quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,142 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $61,000 after purchasing an additional 977 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in HA Sustainable Infrastructure Capital during the third quarter valued at $67,000. 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.