Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Trading 13% Higher Following Dividend Announcement

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s share price shot up 13% on Wednesday following a dividend announcement from the company. The company traded as high as $29.69 and last traded at $29.59. 430,672 shares were traded during mid-day trading, a decline of 55% from the average session volume of 964,458 shares. The stock had previously closed at $26.19.

The newly announced dividend which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.66 annualized dividend and a yield of 5.45%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 123.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HASI shares. Morgan Stanley increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. StockNews.com upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Bank of America increased their price objective 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. The Goldman Sachs Group upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and a consensus target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 16.2 %

The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. The stock has a 50 day moving average of $26.09 and a 200 day moving average of $24.73. The firm has a market cap of $3.46 billion, a P/E ratio of 22.72, a PEG ratio of 0.99 and a beta of 1.88.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently made changes to their positions in HASI. Congress Asset Management Co. MA boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.4% in the 1st quarter. Congress Asset Management Co. MA now owns 38,856 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 532 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 13.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,837 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 557 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,970 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 635 shares during the last quarter. Arden Trust Co lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.2% during the 4th quarter. Arden Trust Co now owns 16,732 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 675 shares during the period. Finally, Addison Advisors LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 713 shares during the last quarter. Hedge funds and other 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.