Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $40.50 Consensus PT from Analysts

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has earned a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $40.50.

A number of equities research analysts have weighed in on HASI shares. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. Robert W. Baird lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Finally, StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.4 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.52 on Tuesday. The stock has a 50 day moving average of $29.33 and a 200 day moving average of $31.43. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.21 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $21.77 and a fifty-two week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently modified their holdings of the business. Legend Financial Advisors Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $60,000. Wilmington Savings Fund Society FSB purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth $73,000. Covestor Ltd raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 530 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth $69,000. 96.14% of the stock is owned by institutional investors and hedge funds.

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.