Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Increased to $36.00 by Analysts at Citigroup

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target upped by Citigroup from $24.00 to $36.00 in a research note published on Tuesday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. Morgan Stanley boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price for the company. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Finally, Robert W. Baird upped their price objective on 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. Three 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’s stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and an average target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $34.34 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $16.60 and a 52-week high of $36.15. The business’s fifty day moving average is $33.56 and its 200 day moving average is $31.27. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.29 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same period in the previous year, the business earned $0.53 earnings per share. Research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.83%. The ex-dividend date was Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors have recently bought and sold shares of HASI. Macroview Investment Management LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $31,000. Plato Investment Management Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at approximately $49,000. Point72 Hong Kong Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $69,000. Addison Advisors LLC raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 580 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $90,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.