Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 1-Year Low – Should You Sell?

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $23.69 and last traded at $24.15, with a volume of 1638980 shares. The stock had previously closed at $25.73.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HASI shares. The Goldman Sachs Group cut their target price on 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. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They issued an “overweight” rating and a $33.00 target price for the company. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

The firm has a 50 day moving average of $28.58 and a two-hundred day moving average of $29.93. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55. The stock has a market cap of $2.92 billion, a PE ratio of 15.28, a PEG ratio of 1.06 and a beta of 1.83.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The company had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.96%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 106.33%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Large investors have recently made changes to their positions in the company. Amalgamated Bank lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the fourth quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock valued at $926,000 after buying an additional 377 shares during the last quarter. Blue Trust Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 402 shares during the period. Mutual of America Capital Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 432 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 439 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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.