Robert W. Baird Has Lowered Expectations for HA Sustainable Infrastructure Capital (NYSE:HASI) Stock Price

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) had its price objective decreased by investment analysts at Robert W. Baird from $47.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price objective suggests a potential upside of 69.37% from the company's previous close.

HASI has been the topic of several other research reports. Citigroup upgraded HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. Truist Financial started coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective for the company. Wells Fargo & Company began coverage on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an "overweight" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $39.29.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded up $0.37 during mid-day trading on Tuesday, reaching $24.21. 939,916 shares of the company were exchanged, compared to its average volume of 1,144,655. The company's 50 day moving average price is $27.76 and its 200 day moving average price is $29.31. HA Sustainable Infrastructure Capital has a 52 week low of $21.98 and a 52 week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The stock 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 quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Sell-side analysts forecast that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in HA Sustainable Infrastructure Capital by 26.6% in the 3rd quarter. HighTower Advisors LLC now owns 17,074 shares of the real estate investment trust's stock valued at $592,000 after acquiring an additional 3,589 shares in the last quarter. MML Investors Services LLC bought a new position in shares of HA Sustainable Infrastructure Capital during the third quarter valued at $352,000. Barclays PLC boosted its position in shares of HA Sustainable Infrastructure Capital by 1.5% during the third quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust's stock valued at $16,441,000 after buying an additional 6,911 shares during the last quarter. Geode Capital Management LLC increased its holdings in HA Sustainable Infrastructure Capital by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust's stock worth $90,912,000 after buying an additional 53,799 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in HA Sustainable Infrastructure Capital in the 3rd quarter worth about $73,000. 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.