Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) has earned a consensus rating of “Buy” from the ten research firms that are covering the company. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $25.80.

HASI has been the subject of a number of analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, July 13th. Zacks Investment Research upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Robert W. Baird set a $27.00 price target on Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research note on Wednesday, September 21st. FBR & Co reiterated a “buy” rating and set a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, August 5th. Finally, Barclays PLC initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, September 8th. They set an “overweight” rating and a $27.00 price target for the company.

In related news, CFO J Brendan Herron sold 15,590 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $23.55, for a total value of $367,144.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 19.6% in the second quarter. BlackRock Fund Advisors now owns 1,810,386 shares of the company’s stock valued at $39,104,000 after buying an additional 296,864 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $5,865,000. Vanguard Group Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 17.7% in the second quarter. Vanguard Group Inc. now owns 1,451,207 shares of the company’s stock worth $31,346,000 after buying an additional 217,732 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.6% in the first quarter. Wellington Management Group LLP now owns 3,371,745 shares of the company’s stock worth $64,806,000 after buying an additional 209,491 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.3% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,383,360 shares of the company’s stock worth $26,588,000 after buying an additional 94,175 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) opened at 22.19 on Monday. The firm has a market capitalization of $931.65 million, a PE ratio of 81.58 and a beta of 1.09. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $15.46 and a 12 month high of $25.21. The company’s 50-day moving average price is $23.20 and its 200 day moving average price is $21.49.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business earned $21.85 million during the quarter, compared to the consensus estimate of $9.27 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 8.10% and a net margin of 30.45%. The company’s quarterly revenue was up 62.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. On average, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post $1.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Wednesday, October 5th will be paid a $0.30 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.20 annualized dividend and a yield of 5.41%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 413.81%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides debt and equity financing to the energy efficiency and renewable energy markets. The Company originates its transactions primarily through programmatic finance relationships with global energy service companies. It also originates transactions with renewable energy manufacturers, developers and operators, and other companies, which own and operate renewable energy projects, including various utility companies of the United States.

5 Day Chart for NYSE:HASI

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