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

HA Sustainable Infrastructure Capital (NYSE:HASI) reached a new 52-week high after Morgan Stanley raised its price target from $40.00 to $44.00, maintaining an overweight rating. Other analysts also increased their price targets, with the stock receiving multiple buy ratings. The company reported strong quarterly earnings, surpassing estimates, and announced a quarterly dividend of $0.42. Institutional investors have shown significant interest, with 96.14% ownership. The firm has a market cap of $4.35 billion and a P/E ratio of 22.16.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday after Morgan Stanley raised their price target on the stock from $40.00 to $44.00. Morgan Stanley currently has an overweight rating on the stock. HA Sustainable Infrastructure Capital traded as high as $34.44 and last traded at $34.4040, with a volume of 412205 shares. The stock had previously closed at $33.56.

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Several other equities analysts also recently commented on the company. The Goldman Sachs Group upped their target price on HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on HA Sustainable Infrastructure Capital from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, September 19th. UBS Group lifted their target price on HA Sustainable Infrastructure Capital from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, November 10th. Jefferies Financial Group upped 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 note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, November 17th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.78.

Check Out Our Latest Report on HA Sustainable Infrastructure Capital

Institutional Inflows and Outflows

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Several hedge funds have recently added to or reduced their stakes in HASI. iSAM Funds UK Ltd acquired a new stake in shares of HA Sustainable Infrastructure Capital during the third quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in HA Sustainable Infrastructure Capital during the 3rd quarter worth about $27,000. Zions Bancorporation National Association UT bought a new position in shares of HA Sustainable Infrastructure Capital in the 1st quarter worth about $29,000. Legend Financial Advisors Inc. acquired a new position in shares of HA Sustainable Infrastructure Capital in the 2nd quarter valued at about $27,000. Finally, Hantz Financial Services Inc. boosted its position in shares of HA Sustainable Infrastructure Capital by 630.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,323 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Stock Up 2.5%

The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.05 and a beta of 1.63. The firm has a 50 day moving average of $30.39 and a 200 day moving average of $28.13. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 1.82.

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HA Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. HA Sustainable Infrastructure Capital had a return on equity of 10.85% and a net margin of 56.17%.The firm had revenue of ($37.39) million for the quarter, compared to analysts' expectations of $27.97 million. HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. As a group, sell-side analysts predict that HA Sustainable Infrastructure Capital, Inc. will post 2.45 earnings per share for the current year.

HA Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 29th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, December 29th. HA Sustainable Infrastructure Capital's payout ratio is presently 72.10%.

About HA Sustainable Infrastructure Capital

(Get Free Report)

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.

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