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

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has earned a consensus rating of “Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $39.71.

A number of research analysts recently weighed in on HASI shares. Wells Fargo & Company assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 27th. They set an “overweight” rating and a $33.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. Truist Financial assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of HASI stock opened at $29.36 on Friday. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The business’s fifty day moving average is $28.45 and its 200 day moving average is $30.28. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.06 and a beta of 2.04. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $24.00 and a twelve month high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced 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). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.84% and a net margin of 52.15%. The business had revenue of $37.74 million during the quarter, compared to analysts’ expectations of $25.93 million. Research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 106.33%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $27,000. Blue Trust Inc. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 394 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 439 shares during the period. Roxbury Financial LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth about $39,000. Finally, Allworth Financial LP raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,584 shares in the last quarter. 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.