The Goldman Sachs Group Cuts Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $31.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective trimmed by The Goldman Sachs Group from $32.00 to $31.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on HASI. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price target on the stock. Robert W. Baird raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, Citigroup upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.88 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $21.77 and a 52 week high of $36.56. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The stock has a market cap of $3.30 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93. The company’s 50-day moving average price is $31.80 and its two-hundred day moving average price is $31.95.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be issued a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.95%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 93.26%.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently modified their holdings of HASI. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $60,000. Wilmington Savings Fund Society FSB acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $73,000. Covestor Ltd increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 530 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth about $69,000. Finally, Addison Advisors LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.