Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $36.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) had its target price upped by analysts at Citigroup from $24.00 to $36.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price target suggests a potential upside of 4.83% from the company's current price.

A number of other brokerages have also recently issued reports on HASI. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Tuesday, June 25th. The Goldman Sachs Group increased their target price on shares of 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 started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an "outperform" rating and a $41.00 price objective for the company. Robert W. Baird raised their price objective on shares of 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. Finally, Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a report on Friday, September 27th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded down $0.10 during trading on Tuesday, hitting $34.34. The stock had a trading volume of 692,199 shares, compared to its average volume of 1,033,718. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.29 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $16.60 and a 12 month high of $36.15. The business's 50-day moving average is $33.49 and its 200 day moving average is $31.22. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77.

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

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in the stock. Plan Group Financial LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $351,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.6% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 45,000 shares of the real estate investment trust's stock worth $1,551,000 after purchasing an additional 10,000 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 78.9% in the 3rd quarter. Harbour Capital Advisors LLC now owns 23,960 shares of the real estate investment trust's stock worth $829,000 after purchasing an additional 10,565 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 106.7% in the 3rd quarter. Trust Co. of Vermont now owns 3,100 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Good Life Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth $271,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

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.