HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shareholders Set to Receive $0.42 Quarterly Dividend

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 29th will be given a dividend of $0.4250 per share by the real estate investment trust on Friday, January 8th. This represents a $1.70 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, December 29th.

HA Sustainable Infrastructure Capital has a dividend payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HA Sustainable Infrastructure Capital to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 55.7%.

HA Sustainable Infrastructure Capital Stock Performance

HASI opened at $38.76 on Friday. The firm’s fifty day simple moving average is $37.30 and its two-hundred day simple moving average is $38.15. HA Sustainable Infrastructure Capital has a 52-week low of $28.50 and a 52-week high of $44.13. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 74.55, a PEG ratio of 1.30 and a beta of 1.39. The company has a quick ratio of 8.89, a current ratio of 8.89 and a debt-to-equity ratio of 2.23.

HA Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $114.46 million during the quarter, compared to analysts’ expectations of $110.74 million. HA Sustainable Infrastructure Capital had a net margin of 18.61% and a return on equity of 13.62%. Equities analysts anticipate that HA Sustainable Infrastructure Capital will post 2.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on HASI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of HA Sustainable Infrastructure Capital in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a $44.00 target price on shares of HA Sustainable Infrastructure Capital in a research report on Thursday, October 1st. Oppenheimer restated an “outperform” rating on shares of HA Sustainable Infrastructure Capital in a research report on Friday. Mizuho lifted their price target on HA Sustainable Infrastructure Capital from $41.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Finally, Morgan Stanley boosted their price target on HA Sustainable Infrastructure Capital from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.50.

About HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital, Inc (NYSE: HASI) is an investment firm focused on financing sustainable infrastructure and climate solutions. The company provides capital to projects and businesses involved in renewable energy, energy efficiency, sustainable real estate and other infrastructure that supports the transition to a lower-carbon economy.

Its investment activities may include lending, equity investments and other forms of project financing. HA Sustainable Infrastructure Capital typically works with developers, owners and operators of infrastructure assets, helping fund projects such as distributed solar, utility-scale renewable energy, energy-efficiency improvements and resilient infrastructure.

Founded in 1981, the company has historically operated under the name Hannon Armstrong Sustainable Infrastructure Capital, Inc and became publicly traded in 2013.