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

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been given a consensus recommendation of “Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.23.

A number of equities research analysts recently issued reports on HASI shares. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective for the company. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, Bank of America started 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 target price on the stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 14,155,411 shares of the real estate investment trust’s stock worth $379,790,000 after acquiring an additional 949,253 shares during the last quarter. Vanguard Group Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 13,245,195 shares of the real estate investment trust’s stock valued at $355,369,000 after buying an additional 156,695 shares in the last quarter. FMR LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 393.3% in the 4th quarter. FMR LLC now owns 5,688,560 shares of the real estate investment trust’s stock valued at $152,624,000 after buying an additional 4,535,345 shares in the last quarter. State Street Corp grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock valued at $152,575,000 after buying an additional 42,762 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,683,617 shares of the real estate investment trust’s stock valued at $72,018,000 after buying an additional 46,733 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI opened at $28.67 on Wednesday. The company has a 50-day moving average of $27.69 and a two-hundred day moving average of $30.71. The company has a current ratio of 11.25, a quick ratio of 13.55 and a debt-to-equity ratio of 1.83. The stock has a market cap of $3.42 billion, a P/E ratio of 18.14, a PEG ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $24.00 and a 12-month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. As a group, research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.86%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 106.33%.

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.