HA Sustainable Infrastructure Capital (NYSE:HASI) Sets New 52-Week High Following Dividend Announcement

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares hit a new 52-week high on Friday following a dividend announcement from the company. The stock traded as high as $32.29 and last traded at $30.7820, with a volume of 182173 shares trading hands. The stock had previously closed at $28.55.

The newly announced dividend which will be paid on Friday, January 9th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Monday, December 29th. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 108.39%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HASI. JPMorgan Chase & Co. raised their target price on shares of HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Wall Street Zen raised HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. The Goldman Sachs Group lifted their price objective on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, October 8th. Finally, UBS Group raised their price target on HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.13.

HA Sustainable Infrastructure Capital Trading Up 8.5%

The company has a 50 day simple moving average of $29.04 and a two-hundred day simple moving average of $27.37. The company has a debt-to-equity ratio of 1.82, a quick ratio of 10.81 and a current ratio of 10.81. The firm has a market cap of $3.85 billion, a PE ratio of 19.98, a P/E/G ratio of 1.05 and a beta of 1.63.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in HASI. Legend Financial Advisors Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the second quarter worth $27,000. Salomon & Ludwin LLC purchased a new position in HA Sustainable Infrastructure Capital in the third quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of HA Sustainable Infrastructure Capital in the 1st quarter valued at about $29,000. Signaturefd LLC increased its stake in HA Sustainable Infrastructure Capital by 72.4% during the first quarter. Signaturefd LLC now owns 1,179 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 495 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of 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 buying an additional 1,142 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.