HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $38.40 Consensus Target Price from Analysts

Key Points

• HA Sustainable Infrastructure Capital, Inc. has received a consensus recommendation of "Buy" from eleven brokerages, with an average 12-month price objective of $38.40.
• The company has seen significant institutional investment, with firms like Wellington Management and FMR LLC increasing their stakes by over 7% and 393%, respectively.
• HA Sustainable Infrastructure Capital recently announced a quarterly dividend of $0.42 per share, yielding 6.02%, although the dividend payout ratio is notably high at 161.54%.

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have earned a consensus rating of "Buy" from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.40.

HASI has been the subject of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen downgraded shares of HA Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Several hedge funds have recently modified their holdings of HASI. FMR LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 393.3% during the fourth quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after acquiring an additional 4,535,345 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 441.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock valued at $58,404,000 after acquiring an additional 1,628,182 shares in the last quarter. Norges Bank acquired a new position in shares of HA Sustainable Infrastructure Capital during the fourth quarter valued at about $30,557,000. Wellington Management Group LLP increased its holdings in shares of HA Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock valued at $379,790,000 after acquiring an additional 949,253 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of HA Sustainable Infrastructure Capital by 2,466.7% during the fourth quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock valued at $18,762,000 after acquiring an additional 672,031 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Trading Down 0.3%

NYSE HASI traded down $0.09 on Friday, hitting $27.60. 671,097 shares of the stock were exchanged, compared to its average volume of 1,098,927. The company has a debt-to-equity ratio of 1.91, a quick ratio of 11.04 and a current ratio of 11.04. The stock has a fifty day moving average price of $26.54 and a two-hundred day moving average price of $27.04. The firm has a market capitalization of $3.35 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.03 and a beta of 1.68. HA Sustainable Infrastructure Capital has a 52-week low of $21.98 and a 52-week high of $36.56.

HA Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.68 annualized dividend and a dividend yield of 6.09%. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is currently 161.54%.

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.