Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives Consensus Rating of “Buy” from Analysts

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has received an average rating of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $40.50.

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. Robert W. Baird upped their price target on shares of 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 Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $27.01 on Tuesday. The firm has a market cap of $3.20 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. The stock’s 50-day moving average is $29.04 and its two-hundred day moving average is $31.38. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.15%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 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 bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of HASI. Oppenheimer & Co. Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after acquiring an additional 27,529 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $1,742,000. Creative Planning bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $548,000. Encompass Capital Advisors LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth $18,759,000. Finally, Point72 Asset Management L.P. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $5,616,000. Institutional investors and hedge funds 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.