Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Sets New 12-Month High - Here's What Happened

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.56 and last traded at $35.74, with a volume of 1301438 shares traded. The stock had previously closed at $34.43.

Analysts Set New Price Targets

Several analysts have issued reports on HASI shares. Robert W. Baird upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. Mizuho raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a report on Friday, September 27th. Citigroup raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.8 %

The firm has a market cap of $4.16 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.31 and a beta of 1.98. The stock's 50 day simple moving average is $34.09 and its 200 day simple moving average is $31.83. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.12. The company had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period in the previous year, the firm earned $0.53 EPS. Research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 EPS for the current year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at about $248,000. BNP Paribas Financial Markets boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 17.9% in the first quarter. BNP Paribas Financial Markets now owns 109,143 shares of the real estate investment trust's stock worth $3,100,000 after buying an additional 16,562 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 77.5% during the first quarter. Janney Montgomery Scott LLC now owns 52,828 shares of the real estate investment trust's stock valued at $1,500,000 after purchasing an additional 23,063 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at approximately $1,361,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth $1,628,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.