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

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $40.58.

A number of research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price on the stock. Robert W. Baird upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI opened at $30.03 on Friday. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. 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 50 day moving average of $32.02 and a two-hundred day moving average of $32.01. The company has a market cap of $3.56 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.26 and a beta of 1.93.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 5.53%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently modified their holdings of the company. Macroview Investment Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $60,000. Point72 Hong Kong Ltd bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at about $69,000. Wilmington Savings Fund Society FSB bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $73,000. Finally, Covestor Ltd grew 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 valued at $77,000 after buying an additional 530 shares in the last quarter. Institutional investors 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.