HA Sustainable Infrastructure Capital (NYSE:HASI) Stock Passes Below 200 Day Moving Average – Here’s What Happened

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.39 and traded as low as $37.12. HA Sustainable Infrastructure Capital shares last traded at $37.42, with a volume of 730,513 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, May 13th. UBS Group lifted their target price on HA Sustainable Infrastructure Capital from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada upped their price target on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on HA Sustainable Infrastructure Capital from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company upped their target price on shares of HA Sustainable Infrastructure Capital from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.90.

HA Sustainable Infrastructure Capital Stock Up 1.3%

The company has a debt-to-equity ratio of 2.12, a quick ratio of 12.10 and a current ratio of 12.10. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 108.02, a P/E/G ratio of 1.10 and a beta of 1.43. The business’s 50-day moving average is $39.64 and its two-hundred day moving average is $37.42.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $124.23 million for 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, equities analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.71 earnings per share for the current year.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.70 annualized dividend and a dividend yield of 4.5%. HA Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 485.71%.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in shares of HA Sustainable Infrastructure Capital by 1,015.5% in the second quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust’s stock valued at $117,012,000 after purchasing an additional 3,965,832 shares during the last quarter. Norges Bank acquired a new stake in HA Sustainable Infrastructure Capital in the 4th quarter valued at $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in HA Sustainable Infrastructure Capital by 1,285.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,903,532 shares of the real estate investment trust’s stock worth $58,438,000 after buying an additional 1,766,093 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of HA Sustainable Infrastructure Capital by 140.4% during the 4th quarter. Schroder Investment Management Group now owns 2,248,200 shares of the real estate investment trust’s stock worth $70,661,000 after buying an additional 1,313,105 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of HA Sustainable Infrastructure Capital by 24.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,604,443 shares of the real estate investment trust’s stock valued at $207,578,000 after acquiring an additional 1,282,466 shares in the last quarter. 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.