HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives Consensus Rating of "Buy" from Analysts

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has been given an average rating of "Buy" by the fifteen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $39.29.

Several equities research analysts recently weighed in on the company. Robert W. Baird decreased their price target on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Citigroup raised shares of HA Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company started coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an "overweight" rating and a $33.00 target price for the company. Finally, Truist Financial began 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.

HA Sustainable Infrastructure Capital Stock Performance

HA Sustainable Infrastructure Capital stock traded down $0.73 during midday trading on Thursday, hitting $23.49. 965,209 shares of the company's stock were exchanged, compared to its average volume of 1,145,159. 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 stock has a market cap of $2.85 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. HA Sustainable Infrastructure Capital has a 12-month low of $21.98 and a 12-month high of $36.56. The firm's 50 day simple moving average is $27.60 and its 200 day simple moving average is $29.10.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to analysts' expectations of $25.93 million. HA Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. Equities research analysts predict that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.15%. This is a boost from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, April 4th. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 106.33%.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legend Financial Advisors Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth $27,000. Blue Trust Inc. raised its stake in HA Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 394 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in HA Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 439 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of HA Sustainable Infrastructure Capital during the 4th quarter worth about $39,000. Finally, Allworth Financial LP grew its holdings in shares of HA Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

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.