Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Consensus Recommendation of "Buy" by Analysts

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) has earned an average rating of "Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.83.

HASI has been the topic of several research reports. Citigroup raised their price target on 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. Robert W. Baird lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. The Goldman Sachs Group raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an "outperform" rating and a $41.00 target price for the company. Finally, Mizuho lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, July 26th.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, with a total value of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares of the company's stock, valued at $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust's stock valued at $455,216,000 after purchasing an additional 491,585 shares during the last quarter. State Street Corp lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock worth $152,575,000 after buying an additional 42,762 shares during the last quarter. Swedbank AB raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the 2nd quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust's stock worth $119,012,000 after purchasing an additional 257,233 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust's stock worth $90,912,000 after acquiring an additional 53,799 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth $73,622,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.5 %

HASI traded up $0.14 during trading on Monday, reaching $27.36. The company had a trading volume of 473,234 shares, compared to its average volume of 1,072,444. The company has a quick ratio of 13.27, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The business has a 50 day simple moving average of $33.56 and a 200-day simple moving average of $32.10. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $21.77 and a 52 week high of $36.56. The stock has a market cap of $3.25 billion, a P/E ratio of 15.29, a PEG ratio of 1.02 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.07%. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 93.26%.

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.