HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Stock Has Average Target Price of $47.50

Key Points

• Analysts are moderately bullish on HASI: 10 of 13 brokerages rate the stock a buy, while three recommend holding; the average 12-month price target is $47.50.
• Quarterly results topped expectations: HASI reported EPS of $0.82 versus the $0.73 consensus and revenue of $114.46 million versus estimates of $110.74 million.
• The company declared a quarterly dividend of $0.425 per share, equivalent to $1.70 annually and a 4.4% yield; its reported payout ratio is 177.08%.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $47.50.

A number of equities research analysts have recently issued reports on HASI shares. Morgan Stanley boosted their target price on shares of HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Jefferies Financial Group restated a "buy" rating and issued a $44.00 price target on shares of HA Sustainable Infrastructure Capital in a research note on Thursday, October 1st. Mizuho raised their price target on shares of HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 9th. Oppenheimer reiterated an "outperform" rating on shares of HA Sustainable Infrastructure Capital in a research note on Friday, November 6th. Finally, Bank of America reissued a "buy" rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, August 18th.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $38.81 on Friday. The stock has a market cap of $4.99 billion, a P/E ratio of 40.43, a PEG ratio of 1.25 and a beta of 1.39. The stock has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $38.30. The company has a current ratio of 7.88, a quick ratio of 8.89 and a debt-to-equity ratio of 2.36. HA Sustainable Infrastructure Capital has a 1-year low of $31.07 and a 1-year high of $44.13.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.09. The business had revenue of $114.46 million during the quarter, compared to the consensus estimate of $110.74 million. HA Sustainable Infrastructure Capital had a return on equity of 13.85% and a net margin of 31.50%. Research analysts anticipate that HA Sustainable Infrastructure Capital will post 2.75 earnings per share for the current year.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Tuesday, December 29th will be given a $0.4250 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, December 29th. HA Sustainable Infrastructure Capital's payout ratio is presently 177.08%.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in HA Sustainable Infrastructure Capital during the 2nd quarter worth $834,012,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of HA Sustainable Infrastructure Capital during the 2nd quarter valued at $60,865,790. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of HA Sustainable Infrastructure Capital by 31,354.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,534,959 shares of the real estate investment trust's stock valued at $59,940,000 after acquiring an additional 1,530,079 shares during the period. Bank of America Corp DE lifted its position in shares of HA Sustainable Infrastructure Capital by 30.3% during the 1st quarter. Bank of America Corp DE now owns 1,427,415 shares of the real estate investment trust's stock valued at $52,458,000 after acquiring an additional 331,670 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 2nd quarter worth $51,176,000. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Company Profile

HA Sustainable Infrastructure Capital, Inc. (HASI) is an investment firm focused on climate solutions and sustainable infrastructure. The company provides capital to projects and businesses that support decarbonization and climate resilience, including those involved in renewable energy, energy efficiency and other sustainable infrastructure. HASI uses financing structures such as debt and equity investments to work with project developers, asset owners and other partners. Its investments are primarily focused on the United States.

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