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

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.22.

Several brokerages have recently commented on HASI. Bank of America increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Morgan Stanley raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, February 26th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, B. Riley lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, April 22nd.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.3 %

NYSE HASI opened at $26.07 on Thursday. The stock’s 50 day simple moving average is $25.96 and its 200 day simple moving average is $24.62. The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $13.22 and a one year high of $29.88. The firm has a market cap of $2.97 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 0.99 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.415 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 6.37%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.88%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors and hedge funds have recently made changes to their positions in HASI. Manchester Capital Management LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 706.6% during the third quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,074 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,047 shares during the period. Westside Investment Management Inc. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth approximately $34,000. Scarborough Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth approximately $40,000. Finally, Addison Advisors LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 713 shares in the last quarter. Institutional investors and hedge funds 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.