HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Average Recommendation of “Buy” by Analysts

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been assigned a consensus rating of “Buy” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $38.92.

Several brokerages have recently issued reports on HASI. Truist Financial began coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective on the stock. Robert W. Baird reduced their price objective on HA Sustainable Infrastructure Capital from $47.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company started coverage on HA Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They issued an “overweight” rating and a $33.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd.

HA Sustainable Infrastructure Capital Stock Up 4.1%

NYSE:HASI opened at $26.96 on Monday. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The stock’s fifty day moving average is $26.74 and its two-hundred day moving average is $28.20. HA Sustainable Infrastructure Capital has a 52 week low of $21.98 and a 52 week high of $36.56. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.71.

HA Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Research analysts anticipate that HA Sustainable Infrastructure Capital will post 2.45 EPS for the current year.

HA Sustainable Infrastructure Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Wednesday, July 2nd. HA Sustainable Infrastructure Capital’s payout ratio is 161.54%.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in shares of HA Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares during the last quarter. Signaturefd LLC grew its holdings in shares of 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 worth $34,000 after buying an additional 495 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of HA Sustainable Infrastructure Capital during the first quarter worth about $35,000. Smartleaf Asset Management LLC grew its holdings in shares of HA Sustainable Infrastructure Capital by 46.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 439 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of HA Sustainable Infrastructure Capital during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

HA Sustainable Infrastructure Capital Company Profile

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.