Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Get Free Report) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $36.00.
A number of research firms have recently commented on HASI. JPMorgan Chase & Co. raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. TD Cowen raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th.
Get Our Latest Analysis on HASI
Hannon Armstrong Sustainable Infrastructure Capital Price Performance
NYSE:HASI opened at $30.69 on Friday. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $13.22 and a 52 week high of $34.00. The company has a quick ratio of 15.61, a current ratio of 15.60 and a debt-to-equity ratio of 1.87. The business’s 50-day simple moving average is $31.12 and its two-hundred day simple moving average is $28.26. The stock has a market cap of $3.50 billion, a PE ratio of 14.90, a P/E/G ratio of 1.20 and a beta of 1.98.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.34% and a net margin of 69.21%. The company had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 5.41%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 80.58%.
Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital
Hedge funds have recently made changes to their positions in the business. Macroview Investment Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth $31,000. Scarborough Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $40,000. Plato Investment Management Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth about $49,000. Addison Advisors LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 713 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
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.
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