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

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

A number of other equities analysts also recently weighed in on HASI. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” 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. The Goldman Sachs Group boosted 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 report on Monday, August 5th. Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $31.27 on Monday. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $21.77 and a 12-month high of $36.56. The company has a market capitalization of $3.70 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.14 and a beta of 1.98. The firm’s 50 day moving average is $32.83 and its 200-day moving average is $32.12.

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 given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn bought 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade 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 can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently bought and sold shares of HASI. American International Group Inc. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% during the 1st quarter. American International Group Inc. now owns 59,319 shares of the real estate investment trust’s stock valued at $1,685,000 after acquiring an additional 1,452 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 130,653 shares of the real estate investment trust’s stock valued at $3,711,000 after acquiring an additional 2,181 shares in the last quarter. Lazard Asset Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at $254,000. Price T Rowe Associates Inc. MD lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 120,091 shares of the real estate investment trust’s stock valued at $3,412,000 after acquiring an additional 1,815 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 66.6% during the 1st quarter. Janus Henderson Group PLC now owns 84,773 shares of the real estate investment trust’s stock valued at $2,407,000 after acquiring an additional 33,904 shares in the last quarter. 96.14% of the stock is currently owned by 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.