Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a report issued on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $39.00 target price on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on HASI. Morgan Stanley raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an overweight rating in a report on Wednesday, July 31st. Oppenheimer restated an outperform rating and issued a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 16th. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday. They set an outperform rating and a $41.00 price target on the stock. Mizuho raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an outperform rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped 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 report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.0 %

Shares of NYSE:HASI opened at $32.12 on Wednesday. The company’s fifty day moving average is $31.41 and its 200-day moving average is $29.35. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $13.22 and a 52 week high of $34.00. The company has a market capitalization of $3.66 billion, a PE ratio of 15.59, a P/E/G ratio of 1.16 and a beta of 1.98.

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

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after purchasing an additional 713,519 shares during the last quarter. Swedbank AB raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the 2nd quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock valued at $119,012,000 after acquiring an additional 257,233 shares during the period. Bank of New York Mellon Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after acquiring an additional 267,304 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 19.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,027,913 shares of the real estate investment trust’s stock valued at $28,350,000 after purchasing an additional 166,192 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,010,904 shares of the real estate investment trust’s stock valued at $27,881,000 after purchasing an additional 89,164 shares in the last quarter. 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.