HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Plans $0.42 Quarterly Dividend

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 29th will be paid a dividend of 0.42 per share by the real estate investment trust on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, December 29th.

HA Sustainable Infrastructure Capital has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. HA Sustainable Infrastructure Capital has a dividend payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect HA Sustainable Infrastructure Capital to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 61.8%.

HA Sustainable Infrastructure Capital Stock Up 10.2%

HASI stock traded up $2.90 during midday trading on Friday, reaching $31.45. The company had a trading volume of 1,209,127 shares, compared to its average volume of 1,240,880. The company has a 50 day moving average of $29.04 and a two-hundred day moving average of $27.37. The company has a market capitalization of $3.91 billion, a P/E ratio of 20.29, a PEG ratio of 1.05 and a beta of 1.63. HA Sustainable Infrastructure Capital has a 1 year low of $21.98 and a 1 year high of $32.29. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 1.82.

HA Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of ($37.39) million for the quarter, compared to the consensus estimate of $27.97 million. HA Sustainable Infrastructure Capital had a net margin of 56.17% and a return on equity of 10.85%. HA Sustainable Infrastructure Capital has set its FY 2027 guidance at 3.150-3.150 EPS. On average, equities research analysts expect that HA Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HASI shares. JPMorgan Chase & Co. lifted their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research report on Wednesday, October 8th. Wall Street Zen raised shares of HA Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. The Goldman Sachs Group raised their price target on shares of HA Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on shares of HA Sustainable Infrastructure Capital from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.13.

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.