HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $38.92 Consensus Target Price from Brokerages

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has been assigned an average rating of "Buy" from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $38.00.

Several equities analysts have issued reports on HASI shares. Wells Fargo & Company started coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 27th. They set an "overweight" rating and a $33.00 price objective on the stock. StockNews.com raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a report on Wednesday. Robert W. Baird dropped their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Truist Financial started coverage on HA Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ardsley Advisory Partners LP increased its stake in HA Sustainable Infrastructure Capital by 16.7% in the 1st quarter. Ardsley Advisory Partners LP now owns 35,000 shares of the real estate investment trust's stock valued at $1,023,000 after purchasing an additional 5,000 shares in the last quarter. Royal Bank of Canada boosted its position in HA Sustainable Infrastructure Capital by 2.7% during the 1st quarter. Royal Bank of Canada now owns 661,295 shares of the real estate investment trust's stock worth $19,337,000 after purchasing an additional 17,242 shares during the period. Evergreen Capital Management LLC boosted its position in HA Sustainable Infrastructure Capital by 4.7% during the 1st quarter. Evergreen Capital Management LLC now owns 14,699 shares of the real estate investment trust's stock worth $430,000 after purchasing an additional 655 shares during the period. Cascade Investment Group Inc. boosted its position in HA Sustainable Infrastructure Capital by 5.1% during the 1st quarter. Cascade Investment Group Inc. now owns 32,500 shares of the real estate investment trust's stock worth $950,000 after purchasing an additional 1,575 shares during the period. Finally, Truvestments Capital LLC boosted its position in HA Sustainable Infrastructure Capital by 623.5% during the 1st quarter. Truvestments Capital LLC now owns 133,151 shares of the real estate investment trust's stock worth $3,893,000 after purchasing an additional 114,748 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Stock Up 0.9%

Shares of NYSE HASI traded up $0.25 during mid-day trading on Monday, hitting $28.60. The company had a trading volume of 251,622 shares, compared to its average volume of 1,132,740. The company has a market capitalization of $3.54 billion, a PE ratio of 18.10, 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 current ratio of 11.25 and a quick ratio of 13.55. HA Sustainable Infrastructure Capital has a 1-year low of $21.98 and a 1-year high of $36.56. The business's 50-day simple moving average is $26.60 and its 200 day simple moving average is $28.09.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The business had revenue of $37.74 million during 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%. On average, analysts predict that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend is Wednesday, July 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio is currently 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.