Brokerages Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Target Price at $37.55

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been given an average recommendation of “Buy” by the eleven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $37.67.

A number of research firms have issued reports on HASI. Mizuho raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Morgan Stanley upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 3.1 %

NYSE HASI opened at $32.10 on Wednesday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.16 and a beta of 1.98. The business’s fifty day moving average is $31.41 and its 200-day moving average is $29.40. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $13.22 and a one year high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The firm had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. During the same period in the previous year, the company earned $0.53 earnings per share. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.32 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a dividend yield of 5.17%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently added to or reduced their stakes in the business. Macroview Investment Management LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $31,000. Scarborough Advisors LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $40,000. Plato Investment Management Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at approximately $49,000. Point72 Hong Kong Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $69,000. Finally, Segantii Capital Management Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth $77,000. Institutional investors own 96.14% of the company’s stock.

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.