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

Shares of HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) hit a new 52-week high during mid-day trading on Tuesday after TD Cowen raised their price target on the stock from $40.00 to $50.00. TD Cowen currently has a buy rating on the stock. HA Sustainable Infrastructure Capital traded as high as $39.88 and last traded at $39.6860, with a volume of 367262 shares changing hands. The stock had previously closed at $39.70.

Other research analysts have also issued research reports about the stock. Morgan Stanley increased 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 research report on Tuesday, December 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday, December 17th. UBS Group increased their price objective on HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Oppenheimer reissued an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, HA Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average target price of $41.25.

Institutional Trading of HA Sustainable Infrastructure Capital

Several institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in HA Sustainable Infrastructure Capital by 1,015.5% during the 2nd quarter. Alliancebernstein L.P. now owns 4,356,352 shares of the real estate investment trust’s stock worth $117,012,000 after buying an additional 3,965,832 shares during the period. Norges Bank acquired a new stake in HA Sustainable Infrastructure Capital during the fourth quarter worth approximately $59,561,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 acquiring an additional 1,766,093 shares during the period. Schroder Investment Management Group raised its holdings in HA Sustainable Infrastructure Capital by 140.4% in the 4th quarter. Schroder Investment Management Group now owns 2,248,200 shares of the real estate investment trust’s stock valued at $70,661,000 after acquiring an additional 1,313,105 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of HA Sustainable Infrastructure Capital by 450.0% during the 3rd quarter. Marshall Wace LLP now owns 914,226 shares of the real estate investment trust’s stock worth $28,067,000 after purchasing an additional 748,010 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

HA Sustainable Infrastructure Capital Stock Up 0.3%

The stock has a 50-day moving average of $33.98 and a 200 day moving average of $31.14. The company has a market cap of $5.04 billion, a P/E ratio of 29.27, a PEG ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 1.94, a current ratio of 9.20 and a quick ratio of 11.03.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $198.28 million during the quarter, compared to the consensus estimate of $28.74 million. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Research analysts anticipate that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be issued a $0.425 dividend. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.70 annualized dividend and a yield of 4.3%. HA Sustainable Infrastructure Capital’s payout ratio is 123.53%.

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.