HA Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 12-Month High – Time to Buy?

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $41.15 and last traded at $40.7080, with a volume of 684327 shares traded. The stock had previously closed at $40.64.

Analysts Set New Price Targets

Several analysts recently weighed in on HASI shares. Morgan Stanley upped their price target on HA Sustainable Infrastructure Capital from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. UBS Group increased their target price on HA Sustainable Infrastructure Capital from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Monday, December 29th. The Goldman Sachs Group increased their target price on HA Sustainable Infrastructure Capital from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company increased their target price on HA Sustainable Infrastructure Capital from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.38.

HA Sustainable Infrastructure Capital Trading Up 0.2%

The firm has a 50 day simple moving average of $37.32 and a 200 day simple moving average of $34.09. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $5.23 billion, a PE ratio of 29.93, a P/E/G ratio of 1.30 and a beta of 1.41.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, February 12th. The real estate investment trust reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. HA Sustainable Infrastructure Capital had a return on equity of 12.06% and a net margin of 46.08%.The business had revenue of $114.81 million for the quarter, compared to the consensus estimate of $28.74 million. HA Sustainable Infrastructure Capital has set its FY 2028 guidance at 3.500-3.600 EPS. Equities analysts expect that HA Sustainable Infrastructure Capital, Inc. will post 2.71 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital’s payout ratio is currently 125.00%.

Insider Buying and Selling at HA Sustainable Infrastructure Capital

In other news, Director Jeffrey Eckel sold 134,398 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.23, for a total transaction of $5,272,433.54. Following the transaction, the director directly owned 9,050 shares of the company’s stock, valued at $355,031.50. This represents a 93.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On HA Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter valued at $2,080,000. CENTRAL TRUST Co bought a new position in shares of HA Sustainable Infrastructure Capital during the 1st quarter valued at $147,000. Strong Tower Advisory Services lifted its holdings in shares of HA Sustainable Infrastructure Capital by 3.6% during the 1st quarter. Strong Tower Advisory Services now owns 35,517 shares of the real estate investment trust’s stock valued at $1,305,000 after buying an additional 1,241 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of HA Sustainable Infrastructure Capital by 68.7% during the 4th quarter. Hsbc Holdings PLC now owns 50,263 shares of the real estate investment trust’s stock valued at $1,587,000 after buying an additional 20,461 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of HA Sustainable Infrastructure Capital by 24.1% during 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 buying an additional 1,282,466 shares during the period. 96.14% of the stock is owned by institutional investors.

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.