Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Reaches New 1-Year High at $35.44

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $35.44 and last traded at $35.44, with a volume of 276150 shares changing hands. The stock had previously closed at $35.25.

Analyst Ratings Changes

Several brokerages have recently weighed in on HASI. Mizuho lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Morgan Stanley boosted their price target on 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. The Goldman Sachs Group lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

The stock has a market capitalization of $4.09 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27. The company has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $29.84.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The company had revenue of $94.52 million during the quarter, compared to analyst estimates of $30.97 million. During the same period in the prior year, the business posted $0.53 earnings per share. On average, equities analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.24 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 80.58%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently added to or reduced their stakes in the company. Macroview Investment Management LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $31,000. Scarborough Advisors LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $40,000. Plato Investment Management Ltd purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at $69,000. Finally, Addison Advisors LLC lifted its holdings in 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 worth $78,000 after buying an additional 580 shares in the last quarter. Institutional investors 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.