Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $47.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective increased by Robert W. Baird from $36.00 to $47.00 in a report released on Friday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the company. Morgan Stanley boosted their price target on 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. Mizuho upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an outperform rating in a report on Friday, July 26th. The Goldman Sachs Group lifted their price objective on shares of 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 initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an outperform rating and a $41.00 target price for the company. Finally, B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a strong-buy rating in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $34.47 on Friday. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $13.22 and a 12-month high of $36.15. The company’s 50 day moving average price is $32.57 and its two-hundred day moving average price is $30.34. The firm has a market cap of $3.93 billion, a PE ratio of 16.73, a PEG ratio of 1.30 and a beta of 1.98. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $94.52 million for the quarter, compared to the consensus estimate of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company 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 $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.82%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently added to or reduced their stakes in HASI. Norges Bank acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $24,660,000. Hsbc Holdings PLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 53.5% in the fourth quarter. Hsbc Holdings PLC now owns 40,137 shares of the real estate investment trust’s stock worth $1,107,000 after acquiring an additional 13,990 shares during the period. Bard Associates Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the fourth quarter. Bard Associates Inc. now owns 18,124 shares of the real estate investment trust’s stock valued at $507,000 after acquiring an additional 720 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at approximately $345,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 0.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 162,166 shares of the real estate investment trust’s stock worth $4,473,000 after purchasing an additional 758 shares during the last quarter. 96.14% of the stock is 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.