Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $40.50 Consensus Target Price from Brokerages

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have earned a consensus rating of "Buy" from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $40.50.

HASI has been the topic of several analyst reports. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. The Goldman Sachs Group cut 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 report on Tuesday, December 17th. Citigroup increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research report on Friday, September 27th. Finally, Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a "buy" rating and a $40.00 price target on the stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.9 %

Shares of NYSE HASI traded up $0.25 during midday trading on Tuesday, reaching $27.61. 918,008 shares of the company's stock were exchanged, compared to its average volume of 918,402. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $21.77 and a 52-week high of $36.56. The business's fifty day moving average price is $29.61 and its two-hundred day moving average price is $31.47. The stock has a market capitalization of $3.27 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.01%. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 93.26%.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn bought 3,500 shares of the firm's stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust's stock worth $6,822,000 after acquiring an additional 27,529 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth about $1,742,000. Creative Planning bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $548,000. Encompass Capital Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $18,759,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $5,616,000. 96.14% of the stock is owned by institutional investors.

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.