Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $39.83 Average Price Target from Brokerages

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has earned an average rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $39.83.

A number of research firms recently commented on HASI. The Goldman Sachs Group lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Robert W. Baird lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors have recently added to or reduced their stakes in HASI. 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 valued at $119,012,000 after acquiring an additional 257,233 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 48.0% during the first quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after acquiring an additional 26,508 shares during the last quarter. Abundance Wealth Counselors bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at about $1,110,000. Harbor Capital Advisors Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at about $1,742,000. Finally, Oppenheimer & Co. Inc. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after buying an additional 27,529 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $29.01 on Monday. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $3.44 billion, a PE ratio of 16.30, a PEG ratio of 1.09 and a beta of 1.98. The stock’s 50 day moving average price is $33.01 and its 200-day moving average price is $32.13. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $21.77 and a twelve month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 5.72%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

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.