Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $40.58 Average PT from Brokerages

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.50.

HASI has been the subject of a number of research reports. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target for the company. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 target price for the company. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Robert W. Baird lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.8 %

Shares of HASI opened at $26.39 on Friday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.24 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56. The company has a 50-day moving average of $31.37 and a 200 day moving average of $31.84.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company 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 dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.29%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently modified their holdings of HASI. CWM LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 19.8% during the 2nd quarter. CWM LLC now owns 4,533 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 750 shares in the last quarter. SG Americas Securities LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 54.6% in the 2nd quarter. SG Americas Securities LLC now owns 10,138 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 3,580 shares during the last quarter. 1858 Wealth Management LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth $208,000. Raymond James & Associates lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the 2nd quarter. Raymond James & Associates now owns 199,968 shares of the real estate investment trust’s stock worth $5,919,000 after acquiring an additional 3,163 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 432 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other 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.