Analysts Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Price Target at $60.71

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Rating) has been given a consensus recommendation of “Buy” by the ten analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.71.

Several equities research analysts have recently weighed in on HASI shares. B. Riley increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, April 22nd. TheStreet lowered Hannon Armstrong Sustainable Infrastructure Capital from a “b” rating to a “c+” rating in a report on Thursday, March 31st. Morgan Stanley decreased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Oppenheimer reissued a “buy” rating and issued a $72.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, January 21st. Finally, UBS Group raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and lowered their target price for the company from $60.00 to $50.00 in a report on Tuesday, February 15th.

Shares of NYSE HASI opened at $39.37 on Friday. The business has a 50-day moving average price of $44.79 and a 200 day moving average price of $49.05. The stock has a market cap of $3.48 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.42 and a beta of 1.82. The company has a quick ratio of 18.82, a current ratio of 18.82 and a debt-to-equity ratio of 1.59. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $34.66 and a 52-week high of $65.74.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 54.97% and a return on equity of 10.81%. During the same quarter last year, the firm earned $0.37 EPS. Sell-side analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital will post 1.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 12th. Stockholders of record on Tuesday, July 5th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.81%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 108.70%.

In related news, EVP Marc T. Pangburn sold 4,700 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $43.27, for a total value of $203,369.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 21,429 shares of the real estate investment trust’s stock valued at $1,146,000 after acquiring an additional 185 shares during the last quarter. JustInvest LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% in the third quarter. JustInvest LLC now owns 6,358 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 193 shares during the last quarter. Keybank National Association OH increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.6% during the 3rd quarter. Keybank National Association OH now owns 7,083 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 248 shares in the last quarter. CWM LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.8% during the 1st quarter. CWM LLC now owns 781 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 249 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the 3rd quarter. Voya Investment Management LLC now owns 30,476 shares of the real estate investment trust’s stock valued at $1,630,000 after buying an additional 263 shares in the last quarter. 77.94% of the stock is owned by hedge funds and other institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital (Get Rating)

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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