Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have received an average recommendation of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.50.

Several research firms have commented on HASI. The Goldman Sachs Group decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Robert W. Baird lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Citigroup lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.4 %

HASI stock opened at $27.37 on Tuesday. The company has a market capitalization of $3.24 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $21.77 and a one year high of $36.56. The company’s 50 day moving average price is $29.61 and its two-hundred day moving average price is $31.47. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 93.26%.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

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

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently modified their holdings of the business. First Affirmative Financial Network boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the 3rd quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 384 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 392 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 401 shares during the last quarter. Harrington Investments INC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% in the 2nd quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 450 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 530 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

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.