Analysts Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) PT at $40.58

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have earned an average recommendation of "Buy" from the thirteen analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $40.58.

HASI has been the subject of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an "outperform" rating and a $41.00 price target for the company. Robert W. Baird lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a "buy" rating and a $40.00 price target for the company. Citigroup upped 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 report on Tuesday, October 22nd. Finally, Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th.

Insider Activity

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $28.71 per share, with a total value of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares of the company's stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macroview Investment Management LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $60,000. Wilmington Savings Fund Society FSB acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $73,000. Covestor Ltd grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 530 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth about $69,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.9 %

Shares of HASI traded down $0.28 during mid-day trading on Friday, reaching $29.75. The company had a trading volume of 1,182,473 shares, compared to its average volume of 1,074,590. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $31.92 and a 200-day simple moving average of $31.99. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $21.77 and a fifty-two week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Monday, December 30th. 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.