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

Key Points

• HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has received an average recommendation of "Buy" from eleven research firms, with a target price of $37.90 per share.
• Institutional investors have significantly increased their positions in HASI, with Alliancebernstein L.P. raising its holdings by 1,015.5% and UBS AM increasing by 441.0%.
• The company announced a quarterly dividend of $0.42, yielding approximately 6.0%, which will be distributed to shareholders on October 17th.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has been given a consensus recommendation of "Buy" by the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.90.

A number of brokerages have issued reports on HASI. Wall Street Zen raised HA Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group increased their price target on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, August 11th.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its stake in shares of HA Sustainable Infrastructure Capital by 3.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,499 shares of the real estate investment trust's stock valued at $336,000 after acquiring an additional 415 shares during the period. Values Added Financial LLC lifted its stake in HA Sustainable Infrastructure Capital by 3.1% during the 2nd quarter. Values Added Financial LLC now owns 14,621 shares of the real estate investment trust's stock worth $393,000 after acquiring an additional 439 shares in the last quarter. Amalgamated Bank lifted its stake in HA Sustainable Infrastructure Capital by 1.4% during the 2nd quarter. Amalgamated Bank now owns 34,316 shares of the real estate investment trust's stock worth $922,000 after acquiring an additional 489 shares in the last quarter. Signaturefd LLC lifted its stake in HA Sustainable Infrastructure Capital by 72.4% during the 1st quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 495 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in HA Sustainable Infrastructure Capital by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 56,500 shares of the real estate investment trust's stock worth $1,518,000 after acquiring an additional 500 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

HA Sustainable Infrastructure Capital Trading Up 5.3%

Shares of HASI traded up $1.4570 during midday trading on Wednesday, reaching $28.8170. The company had a trading volume of 1,273,210 shares, compared to its average volume of 1,197,955. HA Sustainable Infrastructure Capital has a 1-year low of $21.98 and a 1-year high of $36.56. The stock has a market cap of $3.58 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.08 and a beta of 1.62. The firm has a 50 day simple moving average of $26.81 and a 200-day simple moving average of $26.89. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's payout ratio is 108.39%.

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.