Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Increased to $36.00 by Analysts at Citigroup

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target lifted by Citigroup from $24.00 to $36.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on HASI. The Goldman Sachs Group lifted 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. Robert W. Baird upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Morgan Stanley raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Mizuho upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They set a “buy” rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE:HASI opened at $34.11 on Tuesday. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. The business’s 50 day simple moving average is $33.74 and its 200-day simple moving average is $31.36. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $16.60 and a 12 month high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 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 for the quarter, compared to the consensus estimate of $30.97 million. During the same period in the previous year, the business earned $0.53 earnings per share. As a group, equities analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a $0.415 dividend. The ex-dividend date of this dividend 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 presently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently bought and sold shares of the stock. Macroview Investment Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at $31,000. Plato Investment Management Ltd acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at $49,000. Point72 Hong Kong Ltd purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at about $69,000. Addison Advisors LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth about $90,000. 96.14% of the stock is currently 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.