Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $46.90.
A number of brokerages have commented on HASI. Wells Fargo & Company upped their price objective on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Citigroup boosted their price target on shares of HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada increased their price target on shares of HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a report on Wednesday, May 13th. Finally, UBS Group increased their target price on HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 8th.
Get Our Latest Analysis on HA Sustainable Infrastructure Capital
HA Sustainable Infrastructure Capital Trading Up 1.2%
HA Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. The business had revenue of $124.23 million during the quarter, compared to analysts’ expectations of $112.24 million. HA Sustainable Infrastructure Capital had a net margin of 13.08% and a return on equity of 12.80%. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. On average, analysts predict that HA Sustainable Infrastructure Capital will post 2.71 EPS for the current year.
HA Sustainable Infrastructure Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, July 2nd. HA Sustainable Infrastructure Capital’s payout ratio is presently 485.71%.
Institutional Trading of HA Sustainable Infrastructure Capital
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG increased its stake in HA Sustainable Infrastructure Capital by 24.7% in the fourth quarter. Raiffeisen Bank International AG now owns 311,710 shares of the real estate investment trust’s stock valued at $9,965,000 after purchasing an additional 61,710 shares during the last quarter. JPMorgan Chase & Co. lifted its position in HA Sustainable Infrastructure Capital by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 2,060,698 shares of the real estate investment trust’s stock valued at $63,263,000 after buying an additional 323,361 shares in the last quarter. Maven Securities LTD lifted its holdings in shares of HA Sustainable Infrastructure Capital by 811.1% during the 3rd quarter. Maven Securities LTD now owns 91,107 shares of the real estate investment trust’s stock valued at $2,797,000 after acquiring an additional 81,107 shares in the last quarter. Norges Bank purchased a new stake in shares of HA Sustainable Infrastructure Capital in the fourth quarter worth about $59,561,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in HA Sustainable Infrastructure Capital by 27.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 550,786 shares of the real estate investment trust’s stock worth $17,311,000 after acquiring an additional 117,235 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.
HA Sustainable Infrastructure Capital Company Profile
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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