HA Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 52-Week High on Analyst Upgrade

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s share price reached a new 52-week high on Tuesday after Citigroup raised their price target on the stock from $36.00 to $50.00. Citigroup currently has a buy rating on the stock. HA Sustainable Infrastructure Capital traded as high as $41.15 and last traded at $40.7080, with a volume of 684327 shares trading hands. The stock had previously closed at $40.64.

Other equities analysts have also issued research reports about the company. Mizuho raised their price objective on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. UBS Group raised their price objective on HA Sustainable Infrastructure Capital from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company raised their price objective on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. The Goldman Sachs Group raised their price objective on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Finally, TD Cowen raised their price objective on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insiders Place Their Bets

In other HA Sustainable Infrastructure Capital news, Director Jeffrey Eckel sold 134,398 shares of HA Sustainable Infrastructure Capital stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total value of $5,272,433.54. Following the sale, the director owned 9,050 shares of the company’s stock, valued at approximately $355,031.50. The trade was a 93.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new stake in HA Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $27,000. iSAM Funds UK Ltd purchased a new stake in HA Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $27,000. Triumph Capital Management purchased a new stake in HA Sustainable Infrastructure Capital in the 4th quarter valued at approximately $29,000. Hantz Financial Services Inc. boosted its holdings in HA Sustainable Infrastructure Capital by 630.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in HA Sustainable Infrastructure Capital by 101.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,937 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 977 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Price Performance

The stock has a fifty day simple moving average of $37.48 and a two-hundred day simple moving average of $34.21. The company has a market cap of $5.27 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.41. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 1.94.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.The company had revenue of $114.81 million for the quarter, compared to analyst estimates of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. On average, equities analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.71 EPS for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Thursday, April 2nd. 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 125.00%.

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.