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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.50.

A number of research analysts have recently commented on the company. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price target for the company. Robert W. Baird raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday. Finally, StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 2.2 %

NYSE:HASI opened at $27.01 on Tuesday. The firm has a market capitalization of $3.20 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. 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 50 day moving average of $29.04 and a 200-day moving average of $31.38.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a $0.415 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 6.15%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth about $1,742,000. Creative Planning acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $548,000. Encompass Capital Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $18,759,000. Finally, Point72 Asset Management L.P. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth approximately $5,616,000. 96.14% of the stock is 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.