JPMorgan Chase & Co. Issues Positive Forecast for HA Sustainable Infrastructure Capital (NYSE:HASI) Stock Price

Key Points

• JPMorgan Chase & Co. has raised the price target for HA Sustainable Infrastructure Capital from $42.00 to $45.00, indicating a potential upside of 57.81% based on the current stock price.
• The stock currently holds an average rating of "Buy" from analysts, with one "Strong Buy," seven "Buy," and one "Hold" rating.
• Institutional investors and hedge funds dominate the stock ownership, holding 96.14% of the shares, indicating strong institutional confidence in the company.

HA Sustainable Infrastructure Capital (NYSE:HASI - Free Report) had its price target increased by JPMorgan Chase & Co. from $42.00 to $45.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust's stock.

Several other brokerages have also weighed in on HASI. UBS Group upped their price objective on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a "buy" rating in a 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 report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, HA Sustainable Infrastructure Capital currently has a consensus rating of "Buy" and a consensus target price of $38.13.

HA Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI traded up $0.49 during mid-day trading on Friday, reaching $29.43. 442,084 shares of the company traded hands, compared to its average volume of 1,234,242. The stock has a fifty day simple moving average of $27.37 and a 200-day simple moving average of $26.85. The company has a debt-to-equity ratio of 1.82, a current ratio of 10.81 and a quick ratio of 10.81. The firm has a market cap of $3.66 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. HA Sustainable Infrastructure Capital has a fifty-two week low of $21.98 and a fifty-two week 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 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, October 3rd. HA Sustainable Infrastructure Capital's dividend payout ratio (DPR) is 108.39%.

Institutional Trading of HA Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently modified their holdings of HASI. Cetera Investment Advisers lifted its stake in HA Sustainable Infrastructure Capital by 10.7% in the 4th quarter. Cetera Investment Advisers now owns 21,539 shares of the real estate investment trust's stock worth $578,000 after acquiring an additional 2,082 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in HA Sustainable Infrastructure Capital by 6.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,744 shares of the real estate investment trust's stock valued at $1,764,000 after purchasing an additional 4,257 shares in the last quarter. Millennium Management LLC grew its position in HA Sustainable Infrastructure Capital by 171.3% during the fourth quarter. Millennium Management LLC now owns 436,586 shares of the real estate investment trust's stock valued at $11,714,000 after purchasing an additional 275,647 shares in the last quarter. Nuveen Asset Management LLC grew its position in HA Sustainable Infrastructure Capital by 0.7% during the fourth quarter. Nuveen Asset Management LLC now owns 359,850 shares of the real estate investment trust's stock valued at $9,655,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Royal Bank of Canada grew its position in HA Sustainable Infrastructure Capital by 8.7% during the fourth quarter. Royal Bank of Canada now owns 644,053 shares of the real estate investment trust's stock valued at $17,279,000 after purchasing an additional 51,401 shares in the last quarter. Institutional investors and hedge funds 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.