HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $38.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price target boosted by equities researchers at The Goldman Sachs Group from $33.00 to $38.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 3.65% from the stock’s previous close.

HASI has been the topic of several other research reports. Oppenheimer restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. 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 increased 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 report on Monday, November 10th. Jefferies Financial Group upped their price target on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, TD Cowen upped their price objective on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, HA Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and a consensus price target of $42.13.

HA Sustainable Infrastructure Capital Price Performance

Shares of HASI traded down $0.26 during trading hours on Tuesday, reaching $39.44. 785,892 shares of the company traded hands, compared to its average volume of 1,047,144. The stock has a market capitalization of $4.99 billion, a PE ratio of 29.00, 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 has a fifty day simple moving average of $33.98 and a 200 day simple moving average of $31.14. HA Sustainable Infrastructure Capital has a fifty-two week low of $21.98 and a fifty-two week high of $40.01.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. The business had revenue of $198.28 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. As a group, research analysts predict that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in HA Sustainable Infrastructure Capital by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 14,050,580 shares of the real estate investment trust’s stock worth $441,610,000 after buying an additional 61,189 shares in the last quarter. State Street Corp lifted its stake in shares of HA Sustainable Infrastructure Capital by 2.0% in the fourth quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock worth $172,499,000 after acquiring an additional 108,376 shares in the last quarter. Alliancebernstein L.P. grew its stake in HA Sustainable Infrastructure Capital by 1.2% during the 3rd quarter. Alliancebernstein L.P. now owns 4,406,564 shares of the real estate investment trust’s stock valued at $135,282,000 after purchasing an additional 50,212 shares in the last quarter. Geode Capital Management LLC increased its holdings in HA Sustainable Infrastructure Capital by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,944,810 shares of the real estate investment trust’s stock worth $92,572,000 after purchasing an additional 54,898 shares during the last quarter. Finally, Amundi grew its position in shares of HA Sustainable Infrastructure Capital by 10.7% during the third quarter. Amundi now owns 2,663,456 shares of the real estate investment trust’s stock worth $81,771,000 after buying an additional 256,939 shares in the last quarter. 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.