Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Consensus Rating of “Moderate Buy” by Brokerages

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $33.82.

HASI has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Bank of America lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer reissued an “outperform” rating and set a $48.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th. Finally, B. Riley increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a report on Monday, April 22nd.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.91 on Friday. The company has a 50 day moving average of $30.16 and a 200-day moving average of $27.26. The company has a current ratio of 15.60, a quick ratio of 15.61 and a debt-to-equity ratio of 1.87. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $33.99. The company has a market cap of $3.41 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.14 and a beta of 1.99.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.66 dividend on an annualized basis and a yield of 5.55%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Congress Asset Management Co. MA raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.4% in the 1st quarter. Congress Asset Management Co. MA now owns 38,856 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 532 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,970 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 635 shares in the last quarter. Arden Trust Co lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.2% in the 4th quarter. Arden Trust Co now owns 16,732 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 675 shares during the period. Addison Advisors LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 713 shares during the period. Finally, Bard Associates Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the 4th quarter. Bard Associates Inc. now owns 18,124 shares of the real estate investment trust’s stock valued at $507,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.