Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Average Recommendation of “Buy” by Analysts

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASIGet Rating) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $60.71.

A number of brokerages have recently issued reports on HASI. Morgan Stanley decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $67.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th. Zacks Investment Research upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Monday, February 21st. JPMorgan Chase & Co. cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $70.00 to $60.00 in a report on Thursday, January 20th. B. Riley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, April 22nd. Finally, Oppenheimer restated a “buy” rating and issued a $72.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Friday, January 21st.

Shares of HASI opened at $39.37 on Friday. The company has a current ratio of 18.82, a quick ratio of 18.82 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average price of $44.79 and a 200-day moving average price of $49.05. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $34.66 and a 12 month high of $65.74. The firm has a market cap of $3.48 billion, a PE ratio of 28.53, a P/E/G ratio of 2.42 and a beta of 1.82.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.37 earnings per share. As a group, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 1.76 EPS for the current year.

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

In related news, EVP Marc T. Pangburn sold 4,700 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $43.27, for a total value of $203,369.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during 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 buying an additional 185 shares during the last quarter. JustInvest LLC increased its stake in 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 lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.6% during the third quarter. Keybank National Association OH now owns 7,083 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 248 shares during the period. CWM LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.8% in the first quarter. CWM LLC now owns 781 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 249 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the third quarter. Voya Investment Management LLC now owns 30,476 shares of the real estate investment trust’s stock worth $1,630,000 after purchasing an additional 263 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.

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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Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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