Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Hits New 1-Year High After Dividend Announcement

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $30.99 and last traded at $30.69, with a volume of 49875 shares. The stock had previously closed at $30.45.

The newly announced dividend which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 123.88%.

Analysts Set New Price Targets

Several equities analysts have recently commented on HASI shares. TheStreet raised Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Bank of America increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Finally, Morgan Stanley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.8 %

The company has a market capitalization of $3.49 billion, a P/E ratio of 22.72, a PEG ratio of 0.99 and a beta of 1.88. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The stock has a 50 day moving average price of $26.09 and a 200 day moving average price of $24.73.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the 3rd quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,074 shares during the period. Global Retirement Partners LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,047 shares during the period. Westside Investment Management Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $34,000. Scarborough Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $40,000. Finally, Addison Advisors LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 713 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.