Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Stock Rating Upgraded by Baird R W

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) was upgraded by analysts at Baird R W to a “strong-buy” rating in a research note issued on Friday, Zacks.com reports.

A number of other research firms also recently issued reports on HASI. Robert W. Baird lifted 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 research report on Friday. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target for the company. Morgan Stanley boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Buy” and a consensus target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.6 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $34.40 on Friday. The stock’s 50 day moving average price is $32.57 and its 200 day moving average price is $30.28. The company has a market cap of $3.92 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.98. 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 1-year low of $13.22 and a 1-year high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping 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 business had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. During the same period in the prior year, the company posted $0.53 EPS. On average, sell-side analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 161.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 177,104 shares of the real estate investment trust’s stock worth $4,885,000 after buying an additional 109,265 shares during the last quarter. Norges Bank purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $24,660,000. Swedbank AB increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after purchasing an additional 257,233 shares during the last quarter. Tidal Investments LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% during the first quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock worth $2,321,000 after purchasing an additional 26,508 shares during the period. Finally, Abundance Wealth Counselors acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at $1,110,000. 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.