Analysts Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Target Price at $39.25

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been assigned an average recommendation of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.25.

HASI has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Robert W. Baird lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Mizuho boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 26th.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently made changes to their positions in HASI. Macroview Investment Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $31,000. Scarborough Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $40,000. Plato Investment Management Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at $49,000. Point72 Hong Kong Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at $69,000. Finally, Addison Advisors LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $33.39 on Friday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.30 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $13.22 and a 52 week high of $36.15. The firm’s 50-day simple moving average is $32.63 and its two-hundred day simple moving average is $30.41.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same quarter last year, the company earned $0.53 earnings per share. As a group, equities analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.97%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in 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.