Brokerages Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Target Price at $40.50

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been given an average rating of “Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.50.

Several brokerages have commented on HASI. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price for the company. Robert W. Baird boosted their price target on 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. Finally, The Goldman Sachs Group lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.4 %

HASI opened at $27.52 on Tuesday. The business has a 50 day simple moving average of $29.33 and a 200-day simple moving average of $31.43. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $21.77 and a 12 month high of $36.56. The stock has a market capitalization of $3.26 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.21 and a beta of 1.94. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued 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 6.03%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently added to or reduced their stakes in the business. First Affirmative Financial Network grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% in the 3rd quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 384 shares during the period. AQR Capital Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the second quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 392 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.2% during the second quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 401 shares during the period. Harrington Investments INC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% in the 2nd quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 450 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 530 shares during the period. 96.14% of the stock is currently 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.