Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Earns Buy Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research report sent to investors on Monday morning. The brokerage issued a buy rating and a $40.00 target price on the real estate investment trust’s stock.

HASI has been the subject of several other research reports. Robert W. Baird lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price for the company. Finally, Morgan Stanley lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy 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 $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.1 %

Shares of HASI opened at $31.27 on Monday. The business has a 50-day moving average of $32.83 and a 200 day moving average of $32.12. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. The firm has a market cap of $3.70 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 5.31%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% during the third quarter. Franklin Resources Inc. now owns 379,832 shares of the real estate investment trust’s stock valued at $13,298,000 after buying an additional 11,254 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $73,000. Geode Capital Management LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock worth $90,912,000 after purchasing an additional 53,799 shares during the period. Barclays PLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% in the third quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock worth $16,441,000 after purchasing an additional 6,911 shares during the period. Finally, MML Investors Services LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $352,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

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.