Brokerages Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Price Target at $40.23

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has been assigned a consensus rating of "Buy" from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $39.71.

Several research firms recently weighed in on HASI. Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. Wells Fargo & Company assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday. They set an "overweight" rating and a $33.00 price target on the stock. The Goldman Sachs Group lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price target on 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. Finally, Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a "buy" rating and a $40.00 price target on the stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legend Financial Advisors Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at about $27,000. Blue Trust Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 394 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 439 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth approximately $39,000. Finally, Allworth Financial LP lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,584 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.9 %

NYSE HASI traded up $0.26 on Wednesday, reaching $28.73. The stock had a trading volume of 1,227,420 shares, compared to its average volume of 1,119,042. The business has a 50 day moving average price of $27.80 and a 200 day moving average price of $30.67. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $24.00 and a 1 year high of $36.56. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million for the quarter, compared to analyst estimates of $25.93 million. On average, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a yield of 5.85%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is 106.33%.

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.