Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded to “Strong-Buy” by Baird R W

Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) to a strong-buy rating in a research note published on Friday, Zacks.com reports.

Several other research analysts have also recently weighed in on HASI. Mizuho upped their price target on shares of 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. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a buy rating and a $39.00 target price for the company. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an outperform rating and a $41.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on 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 Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an overweight rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $34.38 on Friday. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.30 and a beta of 1.98. The firm’s 50 day simple moving average is $32.57 and its 200 day simple moving average is $30.28. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same period last year, the business posted $0.53 earnings per share. As a group, sell-side 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 company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently bought and sold shares of HASI. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,337 shares of the real estate investment trust’s stock valued at $3,562,000 after acquiring an additional 1,263 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $359,000. Doheny Asset Management CA acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $1,144,000. Algert Global LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 55.2% during the second quarter. Algert Global LLC now owns 32,218 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 11,458 shares during the period. Finally, Mackenzie Financial Corp bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth $204,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.