HA Sustainable Infrastructure Capital (NYSE:HASI) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• HASI shares moved above their 50-day moving average, reaching $37.61 and last trading at $37.52, compared with the average of $37.40.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $47.50, although some firms recently lowered their targets.
• The company reported quarterly EPS of $0.75, topping estimates, and paid a quarterly dividend of $0.4250, equivalent to a 4.5% annualized yield.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $37.40 and traded as high as $37.61. HA Sustainable Infrastructure Capital shares last traded at $37.52, with a volume of 686,377 shares trading hands.

Analyst Upgrades and Downgrades

HASI has been the topic of a number of research reports. UBS Group cut HA Sustainable Infrastructure Capital from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $51.00 to $44.00 in a research report on Friday, September 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HA Sustainable Infrastructure Capital in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of HA Sustainable Infrastructure Capital from $51.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Jefferies Financial Group reissued a "buy" rating and issued a $44.00 price target on shares of HA Sustainable Infrastructure Capital in a report on Thursday, October 1st. Finally, Mizuho increased their price objective on shares of HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, September 9th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, HA Sustainable Infrastructure Capital currently has a consensus rating of "Moderate Buy" and an average price target of $47.50.

HA Sustainable Infrastructure Capital Price Performance

The company has a debt-to-equity ratio of 2.23, a current ratio of 8.89 and a quick ratio of 8.89. The company's 50 day moving average price is $37.40 and its 200 day moving average price is $38.04. The firm has a market capitalization of $4.82 billion, a P/E ratio of 70.79, a PEG ratio of 1.19 and a beta of 1.42.

HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. The company had revenue of $120.79 million for the quarter, compared to analyst estimates of $111.95 million. HA Sustainable Infrastructure Capital had a net margin of 18.61% and a return on equity of 13.62%. HA Sustainable Infrastructure Capital has set its FY 2026 guidance at 3.550-3.650 EPS. As a group, sell-side analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.75 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were paid a $0.4250 dividend. This represents a $1.70 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, October 2nd. HA Sustainable Infrastructure Capital's dividend payout ratio is presently 320.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its holdings in shares of HA Sustainable Infrastructure Capital by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 29,154 shares of the real estate investment trust's stock worth $1,071,000 after buying an additional 300 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of HA Sustainable Infrastructure Capital by 1.7% in the first quarter. Kestra Advisory Services LLC now owns 19,788 shares of the real estate investment trust's stock valued at $727,000 after acquiring an additional 336 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of HA Sustainable Infrastructure Capital by 1.1% in the first 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 acquiring an additional 353 shares in the last quarter. Inspire Investing LLC grew its stake in shares of HA Sustainable Infrastructure Capital by 2.2% in the third quarter. Inspire Investing LLC now owns 17,678 shares of the real estate investment trust's stock valued at $633,000 after acquiring an additional 384 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in HA Sustainable Infrastructure Capital by 59.2% during the third quarter. Versant Capital Management Inc now owns 1,087 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 404 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

About HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital, Inc NYSE: HASI is an investment firm focused on financing sustainable infrastructure and climate solutions. The company provides capital to projects and businesses involved in renewable energy, energy efficiency, sustainable real estate and other infrastructure that supports the transition to a lower-carbon economy.

Its investment activities may include lending, equity investments and other forms of project financing. HA Sustainable Infrastructure Capital typically works with developers, owners and operators of infrastructure assets, helping fund projects such as distributed solar, utility-scale renewable energy, energy-efficiency improvements and resilient infrastructure.

Founded in 1981, the company has historically operated under the name Hannon Armstrong Sustainable Infrastructure Capital, Inc and became publicly traded in 2013.

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