Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $32.22 Consensus PT from Brokerages

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $32.22.

HASI has been the subject of several research reports. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research note on Thursday, February 15th. StockNews.com upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. B. Riley raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, February 16th.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 16.2 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $30.44 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $30.77. The firm’s 50-day moving average price is $26.09 and its 200 day moving average price is $24.73. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $3.46 billion, a PE ratio of 22.72, a P/E/G ratio of 0.99 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1,411.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 150,714 shares of the real estate investment trust’s stock valued at $4,192,000 after purchasing an additional 140,744 shares during the last quarter. Cascade Investment Group Inc. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $1,225,000. Raymond James & Associates raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 20.9% in the 4th quarter. Raymond James & Associates now owns 207,946 shares of the real estate investment trust’s stock valued at $5,735,000 after buying an additional 35,920 shares during the period. Louisiana State Employees Retirement System acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $1,533,000. Finally, Vanguard Group Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock valued at $252,378,000 after acquiring an additional 1,847,577 shares during the period. 96.14% of the stock is 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.