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

Key Points

• HA Sustainable Infrastructure Capital, Inc. has received a consensus rating of "Buy" from nine brokerages, with an average one-year price objective of $37.38.
• The company recently declared a quarterly dividend of $0.42 per share, representing an annualized dividend yield of 6.0%.
• Institutional investors own 96.14% of the company's stock, indicating strong institutional support and interest in HA Sustainable Infrastructure Capital.

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $37.3750.

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

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded up $0.56 during mid-day trading on Friday, reaching $28.66. The company's stock had a trading volume of 858,247 shares, compared to its average volume of 826,814. The stock has a 50-day moving average of $27.30 and a two-hundred day moving average of $26.87. The stock has a market capitalization of $3.56 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.05 and a beta of 1.58. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. HA Sustainable Infrastructure Capital has a 1-year low of $21.98 and a 1-year high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio is 108.39%.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. boosted its stake in HA Sustainable Infrastructure Capital by 0.9% during the second quarter. Osaic Holdings Inc. now owns 45,899 shares of the real estate investment trust's stock worth $1,233,000 after buying an additional 389 shares during the period. Ameritas Investment Partners Inc. boosted its stake in HA Sustainable Infrastructure Capital by 3.4% during the second quarter. Ameritas Investment Partners Inc. now owns 12,499 shares of the real estate investment trust's stock worth $336,000 after buying an additional 415 shares during the period. Values Added Financial LLC boosted its stake in HA Sustainable Infrastructure Capital by 3.1% during the second quarter. Values Added Financial LLC now owns 14,621 shares of the real estate investment trust's stock worth $393,000 after buying an additional 439 shares during the period. Amalgamated Bank boosted its stake in HA Sustainable Infrastructure Capital by 1.4% during the second quarter. Amalgamated Bank now owns 34,316 shares of the real estate investment trust's stock worth $922,000 after buying an additional 489 shares during the period. Finally, Signaturefd LLC boosted its stake in HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust's stock worth $34,000 after buying an additional 495 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.