Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $41.00 price objective on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on HASI. Mizuho boosted their price target 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. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a strong-buy rating in a report on Tuesday, June 25th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an overweight rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an overweight rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group raised 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 research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $37.55.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $32.77 on Tuesday. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average price is $31.24 and its 200 day moving average price is $29.26. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $13.22 and a 52 week high of $34.00. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.16 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The business had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same period in the prior year, the business earned $0.53 earnings per share. As a group, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.32 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $2,811,000. Victory Capital Management Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 24.2% during the 4th quarter. Victory Capital Management Inc. now owns 23,012 shares of the real estate investment trust’s stock worth $635,000 after purchasing an additional 4,481 shares in the last quarter. Natixis Advisors L.P. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.2% during the 4th quarter. Natixis Advisors L.P. now owns 41,601 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 2,812 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $217,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,322.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,845 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,645 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.