Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded at Citigroup

Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a neutral rating to a buy rating in a research report report published on Wednesday morning, Marketbeat reports. They currently have $36.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on HASI. Robert W. Baird lifted their price target on shares of 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. The Goldman Sachs Group cut their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $27.01 on Wednesday. The company has a market capitalization of $3.20 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. 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 has a 52-week low of $21.77 and a 52-week high of $36.56. The company has a 50-day simple moving average of $29.18 and a 200 day simple moving average of $31.40.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 6.15%. The ex-dividend date was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the 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 transaction, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock valued at $1,932,000 after purchasing an additional 21,446 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth approximately $27,000. JPMorgan Chase & Co. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after acquiring an additional 89,126 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 379,832 shares of the real estate investment trust’s stock valued at $13,298,000 after purchasing an additional 11,254 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $73,000. 96.14% of the stock is currently 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.