Analysts Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) PT at $32.22

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.22.

A number of research firms have commented on HASI. B. Riley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Morgan Stanley increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 26th. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Bank of America boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.0 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $25.98 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $13.22 and a one year high of $29.88. The business’s fifty day moving average is $25.93 and its 200 day moving average is $24.52. The stock has a market capitalization of $2.96 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.88. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.415 dividend. The ex-dividend date was Thursday, April 4th. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.39%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,411.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 150,714 shares of the real estate investment trust’s stock valued at $4,192,000 after buying an additional 140,744 shares during the last quarter. Cascade Investment Group Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth $1,225,000. Raymond James & Associates boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 20.9% during the 4th quarter. Raymond James & Associates now owns 207,946 shares of the real estate investment trust’s stock valued at $5,735,000 after purchasing an additional 35,920 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at about $1,533,000. Finally, Vanguard Group Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 18.4% in the third quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock worth $252,378,000 after purchasing an additional 1,847,577 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.