HA Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 52-Week High - Here's Why

Key Points

• 52-week high: HASI hit a new 52-week intraday high of $43.00 (last $42.9390) on strong volume, and analysts have raised targets — the consensus rating is "Moderate Buy" with a $45 price target while firms like Morgan Stanley and TD Cowen have targets up to $54 and $50.
• Quarterly results showed EPS of $0.67 (in line with estimates) and revenue of $114.81 million (versus analyst estimates of $28.74 million); the company set FY2028 guidance of 3.500–3.600 EPS while analysts forecast about 2.71 EPS for the current year.
• Dividend hike and payout risk: The quarterly dividend was raised to $0.425 (annualized $1.70) for a 4.0% yield, but the payout ratio is 125%; a director recently sold 134,398 shares and institutional ownership is very high (~96%).

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.00 and last traded at $42.9390, with a volume of 474858 shares traded. The stock had previously closed at $42.23.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HASI shares. The Goldman Sachs Group upped their price target on shares of HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 17th. UBS Group upped their price target on shares of HA Sustainable Infrastructure Capital from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Mizuho upped their price target on shares of HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 4th. TD Cowen upped their price target on shares of HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Finally, Morgan Stanley upped their target price on shares of HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, HA Sustainable Infrastructure Capital has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

HA Sustainable Infrastructure Capital Stock Up 1.7%

The stock has a market cap of $5.52 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.47. The company has a debt-to-equity ratio of 1.94, a quick ratio of 9.20 and a current ratio of 9.20. The company's 50-day moving average price is $37.87 and its 200 day moving average price is $34.71.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last released its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $114.81 million during the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital had a net margin of 46.08% and a return on equity of 12.06%. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. As a group, analysts forecast that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 2nd were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.70 annualized dividend and a yield of 4.0%. This is a positive change from HA Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital's payout ratio is currently 125.00%.

Insider Transactions at HA Sustainable Infrastructure Capital

In related news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.23, for a total value of $5,272,433.54. Following the completion of the sale, the director directly owned 9,050 shares of the company's stock, valued at approximately $355,031.50. This represents a 93.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ellerson Group Inc. ADV purchased a new stake in HA Sustainable Infrastructure Capital in the 1st quarter worth approximately $2,324,000. Nwam LLC grew its holdings in HA Sustainable Infrastructure Capital by 29.2% during the 1st quarter. Nwam LLC now owns 25,279 shares of the real estate investment trust's stock valued at $929,000 after buying an additional 5,709 shares in the last quarter. Principal Financial Group Inc. grew its holdings in HA Sustainable Infrastructure Capital by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 620,243 shares of the real estate investment trust's stock valued at $22,794,000 after buying an additional 19,506 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in HA Sustainable Infrastructure Capital by 1.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,566 shares of the real estate investment trust's stock valued at $1,160,000 after buying an additional 353 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in HA Sustainable Infrastructure Capital by 15,366.5% during the 1st quarter. Fifth Third Bancorp now owns 30,469 shares of the real estate investment trust's stock valued at $1,120,000 after buying an additional 30,272 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

About HA Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc NYSE: HASI is a publicly traded real estate investment trust specializing in financing and investing in climate change solutions. Founded in 1988 and headquartered in Annapolis, Maryland, the company provides debt and equity capital to sustainable infrastructure projects across North America. Its mission is to support energy efficiency, renewable energy generation and resilient infrastructure, helping public and private sector clients reduce carbon emissions and achieve long-term environmental goals.

Hannon Armstrong's core business activities include originating and structuring loans, acquiring debt and equity interests, and managing a diversified portfolio of projects in sectors such as solar energy, wind power, energy storage, green buildings, and sustainable agriculture.

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