Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded by Citigroup to Buy Rating

Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a neutral rating to a buy rating in a research report report published on Wednesday morning, MarketBeat.com reports. The firm currently has $36.00 price objective on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Robert W. Baird lifted 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. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price for the company. Finally, The Goldman Sachs Group reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.4 %

HASI stock opened at $27.52 on Wednesday. The company’s 50 day moving average is $29.48 and its 200 day moving average is $31.45. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn bought 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after buying an additional 27,529 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $1,742,000. Creative Planning bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth about $548,000. Encompass Capital Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $18,759,000. Finally, Point72 Asset Management L.P. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth about $5,616,000. 96.14% of the stock is currently owned by institutional investors.

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.