Brokerages Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) PT at $33.82

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.09.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. TD Cowen raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 13th. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock worth $862,000 after acquiring an additional 432 shares during the period. Raymond James & Associates boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the second quarter. Raymond James & Associates now owns 199,968 shares of the real estate investment trust’s stock valued at $5,919,000 after buying an additional 3,163 shares in the last quarter. 1858 Wealth Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $208,000. Swedbank AB raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after buying an additional 257,233 shares during the last quarter. Finally, Abundance Wealth Counselors bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $1,110,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $31.77 on Tuesday. The firm has a market cap of $3.62 billion, a PE ratio of 15.42, a PEG ratio of 1.19 and a beta of 1.98. 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 debt-to-equity ratio of 1.87, a current ratio of 15.60 and a quick ratio of 15.61. The stock’s fifty day moving average price is $31.33 and its two-hundred day moving average price is $27.61.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Wednesday, July 3rd were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.66 annualized dividend and a dividend yield of 5.23%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

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.