HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Average Recommendation of "Buy" by Brokerages

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has earned a consensus rating of "Buy" from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.00.

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Wells Fargo & Company assumed coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective for the company. Robert W. Baird decreased their target price on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Truist Financial began coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price target on the stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its position in HA Sustainable Infrastructure Capital by 57.8% during the 4th 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. Zions Bancorporation National Association UT purchased a new stake in shares of HA Sustainable Infrastructure Capital during the first quarter valued at approximately $29,000. Signaturefd LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 72.4% in the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 495 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital in the first quarter worth $35,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after buying an additional 439 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $24.88 on Friday. The stock has a fifty day moving average of $25.61 and a 200-day moving average of $27.55. The stock has a market cap of $3.01 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. HA Sustainable Infrastructure Capital has a fifty-two week low of $21.98 and a fifty-two week high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.75%. The ex-dividend date is Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 161.54%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.