HA Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $57.00

HA Sustainable Infrastructure Capital (NYSE:HASI) had its target price upped by stock analysts at Morgan Stanley from $54.00 to $57.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price would suggest a potential upside of 36.67% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Royal Bank Of Canada boosted their target price on HA Sustainable Infrastructure Capital from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, May 13th. Mizuho boosted their target price on HA Sustainable Infrastructure Capital from $34.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Citigroup boosted their target price on HA Sustainable Infrastructure Capital from $36.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, TD Cowen boosted their target price on HA Sustainable Infrastructure Capital from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.90.

HA Sustainable Infrastructure Capital Price Performance

Shares of HA Sustainable Infrastructure Capital stock traded up $0.50 during trading hours on Wednesday, hitting $41.71. The company’s stock had a trading volume of 264,508 shares, compared to its average volume of 980,490. The business has a 50 day moving average price of $39.37 and a two-hundred day moving average price of $36.11. HA Sustainable Infrastructure Capital has a 12-month low of $24.28 and a 12-month high of $44.13. The company has a market cap of $5.36 billion, a PE ratio of 119.33, a PEG ratio of 1.20 and a beta of 1.47. The company has a debt-to-equity ratio of 2.12, a quick ratio of 12.10 and a current ratio of 12.10.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $0.77 EPS 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 the consensus estimate of $112.24 million. HA Sustainable Infrastructure Capital had a return on equity of 12.80% and a net margin of 13.08%.HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Analysts expect that HA Sustainable Infrastructure Capital will post 2.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HA Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in HA Sustainable Infrastructure Capital by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 14,050,580 shares of the real estate investment trust’s stock valued at $441,610,000 after purchasing an additional 61,189 shares during the period. T. Rowe Price Investment Management Inc. raised its position in HA Sustainable Infrastructure Capital by 24.1% during the fourth 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 purchasing an additional 1,282,466 shares during the period. State Street Corp raised its position in HA Sustainable Infrastructure Capital by 2.0% during the fourth quarter. State Street Corp now owns 5,417,644 shares of the real estate investment trust’s stock valued at $172,499,000 after purchasing an additional 108,376 shares during the period. Alliancebernstein L.P. raised its position in HA Sustainable Infrastructure Capital by 1.2% during the third quarter. Alliancebernstein L.P. now owns 4,406,564 shares of the real estate investment trust’s stock valued at $135,282,000 after purchasing an additional 50,212 shares during the period. Finally, Geode Capital Management LLC raised its position in HA Sustainable Infrastructure Capital by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,944,810 shares of the real estate investment trust’s stock valued at $92,572,000 after purchasing an additional 54,898 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.