Analysts Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Price Target at $40.58

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has received a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $40.58.

Several brokerages recently issued reports on HASI. Robert W. Baird raised their price target 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. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective on the stock. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE HASI opened at $29.75 on Friday. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm’s 50-day moving average price is $31.92 and its two-hundred day moving average price is $31.98. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $21.77 and a 52-week high of $36.56. The stock has a market capitalization of $3.52 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.24 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn acquired 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The stock was bought 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 $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently made changes to their positions in HASI. Franklin Resources Inc. grew its holdings 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $73,000. Geode Capital Management LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after acquiring an additional 53,799 shares in the last quarter. Barclays PLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the 3rd quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock valued at $16,441,000 after acquiring an additional 6,911 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $352,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.