Brokerages Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Price Target at $37.55

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.67.

Several analysts have recently issued reports on HASI shares. Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 16th. Mizuho boosted their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $32.77 on Wednesday. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $3.82 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.98. The firm has a 50-day moving average price of $31.48 and a two-hundred day moving average price of $29.45. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same period last year, the company posted $0.53 EPS. As a group, research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.31 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in HASI. International Assets Investment Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $2,811,000. Victory Capital Management Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 24.2% during the fourth quarter. Victory Capital Management Inc. now owns 23,012 shares of the real estate investment trust’s stock valued at $635,000 after buying an additional 4,481 shares in the last quarter. Natixis Advisors L.P. grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Natixis Advisors L.P. now owns 41,601 shares of the real estate investment trust’s stock worth $1,147,000 after buying an additional 2,812 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $217,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,322.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,845 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 2,645 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.