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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been given an average rating of “Buy” by the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $39.71.

HASI has been the subject of a number of recent research reports. Wells Fargo & Company started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 27th. They set an “overweight” rating and a $33.00 price target for the company. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped 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. JPMorgan Chase & Co. reduced their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 target price on the stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $29.42 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of 18.62, a PEG ratio of 1.06 and a beta of 2.04. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. The company’s 50 day moving average price is $28.48 and its 200 day moving average price is $30.24. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $24.00 and a 52 week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. The company had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.71%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 106.33%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the third quarter. Victory Capital Management Inc. now owns 25,042 shares of the real estate investment trust’s stock worth $863,000 after buying an additional 1,574 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 32,588 shares of the real estate investment trust’s stock valued at $1,123,000 after acquiring an additional 597 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,371 shares of the real estate investment trust’s stock valued at $2,357,000 after acquiring an additional 571 shares during the period. Intech Investment Management LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth about $950,000. Finally, Nwam LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth about $1,046,000. 96.14% of the stock is currently owned by 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.