Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Raised to Strong-Buy at Baird R W

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

A number of other research analysts have also weighed in on the stock. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Royal Bank of Canada started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Mizuho raised their price objective 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. Finally, Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 target price on the stock. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.6 %

HASI stock opened at $34.38 on Friday. The stock’s 50 day simple moving average is $32.57 and its 200 day simple moving average is $30.28. The company has a market cap of $3.92 billion, a P/E ratio of 16.69, 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 quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $36.15.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. During the same period last year, the company earned $0.53 earnings per share. On average, research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current fiscal year.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $24,660,000. Hsbc Holdings PLC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 53.5% in the 4th quarter. Hsbc Holdings PLC now owns 40,137 shares of the real estate investment trust’s stock worth $1,107,000 after buying an additional 13,990 shares in the last quarter. Bard Associates Inc. increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the 4th quarter. Bard Associates Inc. now owns 18,124 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 720 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $345,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of 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 acquiring an additional 758 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other 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.