HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $39.29 Consensus PT from Brokerages

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have been assigned a consensus rating of "Buy" from the fifteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.29.

A number of research firms have issued reports on HASI. Citigroup upgraded shares of HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price for the company in a research note on Wednesday, January 8th. Robert W. Baird lowered their target price on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday. Wells Fargo & Company started coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective on the stock. Truist Financial initiated coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They issued a "buy" rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd.

HA Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock traded up $0.37 on Thursday, hitting $24.21. 939,916 shares of the stock traded hands, compared to its average volume of 1,144,655. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The company's fifty day moving average is $27.76 and its 200 day moving average is $29.31. HA Sustainable Infrastructure Capital has a 1-year low of $21.98 and a 1-year high of $36.56. The company has a market capitalization of $2.93 billion, a PE ratio of 15.32, a PEG ratio of 1.06 and a beta of 1.83.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $37.74 million for the quarter, compared to the consensus estimate of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. On average, equities research analysts predict that HA Sustainable Infrastructure Capital will post 2.45 earnings per share 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 18th. Shareholders of record on Friday, April 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, April 4th. This is a positive change from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 6.94%. HA Sustainable Infrastructure Capital's dividend payout ratio is 106.33%.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank raised its holdings in shares of HA Sustainable Infrastructure Capital by 1.1% during the fourth quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust's stock valued at $926,000 after purchasing an additional 377 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of HA Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 394 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of HA Sustainable Infrastructure Capital by 1.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust's stock worth $679,000 after buying an additional 402 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of HA Sustainable Infrastructure Capital by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust's stock valued at $482,000 after purchasing an additional 432 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in HA Sustainable Infrastructure Capital by 46.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 439 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

About HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.