Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) PT Raised to $36.00 at Citigroup

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target lifted by analysts at Citigroup from $24.00 to $36.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would suggest a potential upside of 4.53% from the stock’s previous close.

HASI has been the topic of several other research reports. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target on the stock. Mizuho increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI opened at $34.44 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $16.60 and a twelve month high of $36.15. The firm has a market capitalization of $3.93 billion, a PE ratio of 16.72, a PEG ratio of 1.29 and a beta of 1.98. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. The firm’s 50-day moving average price is $33.63 and its 200 day moving average price is $31.29.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. During the same period in the previous year, the firm posted $0.53 EPS. As a group, sell-side analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of HASI. Macroview Investment Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $31,000. Plato Investment Management Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter worth $49,000. Point72 Hong Kong Ltd acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $69,000. Addison Advisors LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at $90,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.