Robert W. Baird Has Lowered Expectations for HA Sustainable Infrastructure Capital (NYSE:HASI) Stock Price

HA Sustainable Infrastructure Capital (NYSE:HASI) had its price target reduced by Robert W. Baird from $47.00 to $41.00 in a research report sent to investors on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on HASI. Wells Fargo & Company started coverage on HA Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price on the stock. The Goldman Sachs Group lowered their target price on HA Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price target on shares of HA Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Citigroup upgraded shares of HA Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Truist Financial initiated coverage on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.29.

HA Sustainable Infrastructure Capital Trading Up 1.5 %

Shares of HASI opened at $24.21 on Tuesday. The firm has a market cap of $2.93 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.06 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. HA Sustainable Infrastructure Capital has a 1 year low of $21.98 and a 1 year high of $36.56. The company has a 50 day simple moving average of $27.85 and a two-hundred day simple moving average of $29.38.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. HA Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. On average, equities analysts expect that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a yield of 6.94%. This is a boost from HA Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. HA Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Institutional Trading of HA Sustainable Infrastructure Capital

Several institutional investors and hedge funds have recently made changes to their positions in HASI. Amalgamated Bank grew its holdings in shares of HA Sustainable Infrastructure Capital by 1.1% in the fourth quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 377 shares during the last quarter. Blue Trust Inc. boosted its position in HA Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 394 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in HA Sustainable Infrastructure Capital by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock worth $679,000 after acquiring an additional 402 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of HA Sustainable Infrastructure Capital by 2.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 432 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake 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 valued at $37,000 after acquiring an additional 439 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

About HA Sustainable Infrastructure Capital

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.