Citigroup Increases Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $36.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its target price hoisted by Citigroup from $24.00 to $36.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 4.53% from the stock’s current price.

A number of other research analysts also recently commented on the company. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Mizuho increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.3 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.44 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $16.60 and a 52-week high of $36.15. The company has a 50 day moving average of $33.63 and a 200 day moving average of $31.29. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $3.93 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.29 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data 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. The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period in the previous year, the company earned $0.53 EPS. As a group, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently modified their holdings of HASI. Vanguard Group Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock worth $348,009,000 after buying an additional 713,519 shares in the last quarter. Vert Asset Management LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.9% during the first quarter. Vert Asset Management LLC now owns 45,742 shares of the real estate investment trust’s stock valued at $1,299,000 after acquiring an additional 2,148 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at $248,000. Insight Folios Inc lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the 1st quarter. Insight Folios Inc now owns 23,078 shares of the real estate investment trust’s stock worth $655,000 after acquiring an additional 1,122 shares during the period. Finally, Everett Harris & Co. CA lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.8% during the first quarter. Everett Harris & Co. CA now owns 14,600 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 800 shares during the period. 96.14% of the stock is owned by hedge funds and other 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.