HA Sustainable Infrastructure Capital (NYSE:HASI) Sets New 12-Month Low - Here's Why

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $23.69 and last traded at $24.15, with a volume of 1638980 shares traded. The stock had previously closed at $25.73.

Analysts Set New Price Targets

Several brokerages have commented on HASI. 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 for the company in a research note on Tuesday, December 17th. Wells Fargo & Company assumed coverage on shares of HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price target on the stock. Truist Financial initiated 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. JPMorgan Chase & Co. decreased their price objective on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Citigroup raised HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, HA Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.71.

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HA Sustainable Infrastructure Capital Stock Performance

The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The company has a market cap of $2.79 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. The firm's fifty day moving average is $28.10 and its 200 day moving average is $29.53.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. As a group, research analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 7.29%. HA Sustainable Infrastructure Capital's payout ratio is currently 106.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new stake in shares of HA Sustainable Infrastructure Capital during the fourth quarter worth $27,000. Blue Trust Inc. boosted its position in HA Sustainable Infrastructure Capital by 57.8% during 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 last quarter. Smartleaf Asset Management LLC grew its stake in HA Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Roxbury Financial LLC purchased a new stake in HA Sustainable Infrastructure Capital during the 4th quarter valued at about $39,000. Finally, Allworth Financial LP raised its holdings in HA Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,584 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

HA Sustainable Infrastructure Capital Company Profile

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.