HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $37.90 Average Price Target from 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.

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eleven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $37.90.

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of 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 shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Monday, August 11th.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming increased its stake in shares of HA Sustainable Infrastructure Capital by 55.5% during the second quarter. State of Wyoming now owns 22,561 shares of the real estate investment trust's stock valued at $606,000 after purchasing an additional 8,048 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of HA Sustainable Infrastructure Capital by 9.3% during the second quarter. Public Sector Pension Investment Board now owns 412,238 shares of the real estate investment trust's stock valued at $11,073,000 after buying an additional 34,944 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of HA Sustainable Infrastructure Capital by 1.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 135,135 shares of the real estate investment trust's stock valued at $3,632,000 after buying an additional 1,524 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of HA Sustainable Infrastructure Capital by 293.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,086 shares of the real estate investment trust's stock valued at $298,000 after buying an additional 8,265 shares during the last quarter. Finally, Resources Management Corp CT ADV grew its holdings in shares of HA Sustainable Infrastructure Capital by 16.5% during the second quarter. Resources Management Corp CT ADV now owns 24,895 shares of the real estate investment trust's stock valued at $669,000 after buying an additional 3,535 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Trading Down 1.8%

HASI stock traded down $0.5040 during trading on Wednesday, reaching $27.3760. The company had a trading volume of 615,929 shares, compared to its average volume of 1,160,824. HA Sustainable Infrastructure Capital has a 52 week low of $21.98 and a 52 week high of $36.56. The company has a market cap of $3.40 billion, a P/E ratio of 17.66, a PEG ratio of 1.05 and a beta of 1.62. The business has a 50 day moving average of $26.78 and a 200 day moving average of $26.90. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81.

HA Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.1%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 108.39%.

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.