Analysts Set Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) PT at $32.22

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.22.

A number of analysts recently commented on HASI shares. Morgan Stanley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. B. Riley increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group increased their price target 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.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.0 %

NYSE:HASI opened at $25.98 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $13.22 and a 52 week high of $29.88. The firm has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $24.52. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.415 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 annualized dividend and a yield of 6.39%. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently modified their holdings of HASI. Manchester Capital Management LLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,074 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of 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 valued at $30,000 after purchasing an additional 1,047 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $34,000. Scarborough Advisors LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $40,000. Finally, Addison Advisors LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 713 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

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.