Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Now Covered by Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Free Report) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $33.00 target price on the real estate investment trust's stock.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a "buy" rating and a $40.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a "buy" rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of "Moderate Buy" and an average price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.3 %

Shares of NYSE:HASI traded down $0.95 during midday trading on Thursday, reaching $27.78. 799,718 shares of the company were exchanged, compared to its average volume of 1,111,057. The firm has a market cap of $3.31 billion, a PE ratio of 17.58, a P/E/G ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $24.00 and a fifty-two week high of $36.56. The stock has a fifty day simple moving average of $27.80 and a two-hundred day simple moving average of $30.67. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83.

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

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.42 per share. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital's previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 106.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust's stock worth $379,790,000 after purchasing an additional 949,253 shares during the period. Vanguard Group Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust's stock worth $355,369,000 after buying an additional 156,695 shares during the last quarter. FMR LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust's stock valued at $152,624,000 after buying an additional 4,535,345 shares during the last quarter. State Street Corp raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock valued at $152,575,000 after acquiring an additional 42,762 shares during the period. Finally, Geode Capital Management LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust's stock worth $72,018,000 after acquiring an additional 46,733 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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.