Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $39.25.

HASI has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of 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. JPMorgan Chase & Co. increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Finally, B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 161.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 177,104 shares of the real estate investment trust’s stock valued at $4,885,000 after acquiring an additional 109,265 shares in the last quarter. Norges Bank bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $24,660,000. Swedbank AB increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock valued at $119,012,000 after buying an additional 257,233 shares during the period. Tidal Investments LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the 1st quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after buying an additional 26,508 shares during the last quarter. Finally, Abundance Wealth Counselors acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $1,110,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.5 %

Shares of NYSE:HASI opened at $34.30 on Friday. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $13.22 and a 12-month high of $36.15. The business has a 50 day moving average of $32.68 and a 200-day moving average of $30.50. 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 stock has a market cap of $3.91 billion, a PE ratio of 16.39, a P/E/G ratio of 1.30 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. During the same period in the previous year, the company posted $0.53 EPS. As a group, equities research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 80.58%.

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.