The Goldman Sachs Group Boosts Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $32.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective raised by The Goldman Sachs Group from $28.00 to $32.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

HASI has been the subject of several other research reports. Morgan Stanley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an overweight rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective 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. Mizuho boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an outperform rating in a report on Friday, July 26th. Oppenheimer reaffirmed an outperform rating and set a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. Finally, B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a strong-buy rating in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of Moderate Buy and a consensus price target of $36.00.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 4.0 %

Shares of HASI stock opened at $31.26 on Monday. The company has a market cap of $3.56 billion, a P/E ratio of 15.17, a PEG ratio of 1.20 and a beta of 1.98. The stock has a 50 day simple moving average of $31.17 and a two-hundred day simple moving average of $28.20. The company has a debt-to-equity ratio of 1.87, a quick ratio of 15.61 and a current ratio of 15.60. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its quarterly earnings data 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. The firm had revenue of $94.52 million during the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.34% and a net margin of 69.21%. During the same quarter in the previous year, the company posted $0.53 earnings per share. Research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a yield of 5.31%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently added to or reduced their stakes in HASI. Oppenheimer & Co. Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 161.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 177,104 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 109,265 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,411.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 150,714 shares of the real estate investment trust’s stock worth $4,192,000 after purchasing an additional 140,744 shares in the last quarter. Norges Bank purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $24,660,000. BNP Paribas Financial Markets boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 101.1% during the 4th quarter. BNP Paribas Financial Markets now owns 92,581 shares of the real estate investment trust’s stock valued at $2,553,000 after acquiring an additional 46,550 shares during the period. Finally, Raymond James & Associates boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 20.9% during the 4th quarter. Raymond James & Associates now owns 207,946 shares of the real estate investment trust’s stock valued at $5,735,000 after acquiring an additional 35,920 shares during the period. 96.14% of the stock is currently owned by institutional investors.

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.