Analysts Set HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Target Price at $38.92

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have been assigned a consensus rating of "Buy" from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.83.

HASI has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective 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. Truist Financial initiated coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a "buy" rating and a $40.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an "overweight" rating and a $33.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Several large investors have recently made changes to their positions in HASI. Wellington Management Group LLP increased its position in HA Sustainable Infrastructure Capital by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after acquiring an additional 949,253 shares during the period. Vanguard Group Inc. lifted its holdings in HA Sustainable Infrastructure Capital by 2.3% in the first quarter. Vanguard Group Inc. now owns 13,556,379 shares of the real estate investment trust's stock worth $396,389,000 after purchasing an additional 311,184 shares during the period. FMR LLC grew its position in HA Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after buying an additional 4,535,345 shares in the last quarter. Geode Capital Management LLC grew its position in HA Sustainable Infrastructure Capital by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock valued at $72,018,000 after buying an additional 46,733 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in HA Sustainable Infrastructure Capital by 37.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust's stock valued at $59,265,000 after buying an additional 602,456 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Trading Up 3.1%

HA Sustainable Infrastructure Capital stock traded up $0.83 during trading on Monday, reaching $27.39. The company had a trading volume of 1,631,309 shares, compared to its average volume of 1,136,945. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.06 and a beta of 1.71. HA Sustainable Infrastructure Capital has a 12-month low of $21.98 and a 12-month high of $36.56. The stock's 50 day moving average price is $26.67 and its two-hundred day moving average price is $28.14.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates of $25.93 million. HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. As a group, equities analysts expect that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be given a $0.42 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.68 annualized dividend and a yield of 6.13%. 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.