Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Average Recommendation of “Buy” by Brokerages

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

Several research firms have issued reports on HASI. Robert W. Baird raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. The Goldman Sachs Group cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective on the stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 1.4 %

HASI stock opened at $27.37 on Tuesday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $21.77 and a 12 month high of $36.56. The firm has a 50-day moving average price of $29.61 and a 200-day moving average price of $31.47.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

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 issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 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 shares were purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $60,000. Point72 Hong Kong Ltd purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $69,000. Wilmington Savings Fund Society FSB purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $73,000. Covestor Ltd raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 530 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,495 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 837 shares in the last quarter. 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.