Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $39.83 Average PT from Brokerages

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) have earned a consensus rating of "Buy" from the thirteen analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $39.83.

A number of equities analysts have recently issued reports on HASI shares. Citigroup raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a "neutral" rating in a research report on Tuesday. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a "buy" rating and a $39.00 target price for the company. The Goldman Sachs Group lifted their target price 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. 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. Finally, JPMorgan Chase & Co. lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Tuesday, July 16th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Swedbank AB boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust's stock valued at $119,012,000 after buying an additional 257,233 shares during the last quarter. Tidal Investments LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the first quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust's stock worth $2,321,000 after purchasing an additional 26,508 shares during the last quarter. Abundance Wealth Counselors purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $1,110,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 38.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust's stock worth $23,775,000 after purchasing an additional 232,351 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 77.5% in the first quarter. Janney Montgomery Scott LLC now owns 52,828 shares of the real estate investment trust's stock worth $1,500,000 after purchasing an additional 23,063 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.0 %

Shares of HASI stock traded down $0.36 during mid-day trading on Thursday, reaching $34.08. 905,971 shares of the stock traded hands, compared to its average volume of 1,030,649. The stock's fifty day simple moving average is $33.69 and its two-hundred day simple moving average is $31.31. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $16.60 and a 1-year high of $36.15. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77.

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

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a dividend of $0.415 per share. The ex-dividend date was Friday, October 4th. This represents a $1.66 annualized dividend and a dividend yield of 4.87%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is 80.58%.

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.