Brokerages Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Price Target at $39.83

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has received an average recommendation of “Buy” from the thirteen analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $39.83.

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target for the company. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target for the company. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Finally, 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 research note on Friday, September 27th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Macroview Investment Management LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $31,000. Plato Investment Management Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth $49,000. Point72 Hong Kong Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth $69,000. Addison Advisors LLC grew its position in shares of 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 worth $78,000 after buying an additional 580 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth $90,000. 96.14% of the stock is currently owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.1 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.13 on Thursday. 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 $16.60 and a 52-week high of $36.15. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.28 and a beta of 1.98. The company’s 50 day moving average price is $33.74 and its 200-day moving average price is $31.38.

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

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.415 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.86%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 77.21%.

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.