HA Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 52-Week High – Here’s Why

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $35.16 and last traded at $35.1350, with a volume of 786921 shares changing hands. The stock had previously closed at $34.62.

Analysts Set New Price Targets

A number of research firms have weighed in on HASI. Wells Fargo & Company raised their price objective on shares of HA Sustainable Infrastructure Capital from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Oppenheimer restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research note on Tuesday, December 16th. The Goldman Sachs Group upped their target price 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. Jefferies Financial Group raised their price target on shares of HA Sustainable Infrastructure Capital from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Morgan Stanley boosted their price target on shares of HA Sustainable Infrastructure Capital from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

HA Sustainable Infrastructure Capital Price Performance

The company has a current ratio of 11.03, a quick ratio of 11.03 and a debt-to-equity ratio of 1.93. The business’s fifty day moving average is $33.22 and its 200 day moving average is $30.28. The company has a market cap of $4.45 billion, a P/E ratio of 15.08, a PEG ratio of 1.19 and a beta of 1.45.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of ($37.39) million during the quarter, compared to analyst estimates of $27.97 million. HA Sustainable Infrastructure Capital had a return on equity of 11.97% and a net margin of 79.69%.HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. As a group, sell-side analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were given a dividend of $0.42 per share. The ex-dividend date was Monday, December 29th. This represents a $1.68 annualized dividend and a dividend yield of 4.8%. HA Sustainable Infrastructure Capital’s dividend payout ratio is currently 72.10%.

Institutional Trading of HA Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in HA Sustainable Infrastructure Capital in the 3rd quarter worth about $27,000. iSAM Funds UK Ltd purchased a new stake in shares of HA Sustainable Infrastructure Capital in the third quarter worth about $27,000. Hantz Financial Services Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 630.9% in the third quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,142 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in HA Sustainable Infrastructure Capital during the third quarter valued at approximately $67,000. Finally, Quadrant Capital Group LLC bought a new stake in HA Sustainable Infrastructure Capital during the 3rd quarter worth approximately $72,000. 96.14% of the stock is currently owned by institutional investors.

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.