Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $44.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its target price increased by B. Riley from $41.00 to $44.00 in a report published on Monday morning, Benzinga reports. B. Riley currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s Q1 2024 earnings at $0.46 EPS, Q2 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.58 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.20 EPS and FY2025 earnings at $2.47 EPS.

Other equities analysts have also issued reports about the company. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a sell rating in a research note on Wednesday, March 20th. Bank of America lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. The Goldman Sachs Group lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a neutral rating in a research note on Friday, February 16th. Mizuho lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an overweight rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $25.42 on Monday. The business’s 50-day moving average price is $25.96 and its 200-day moving average price is $24.10. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $13.22 and a 12 month high of $29.88. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 0.99 and a beta of 1.88. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm 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. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 83.4% during the third quarter. CWM LLC now owns 3,611 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 1,642 shares in the last quarter. DnB Asset Management AS increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.2% during the third quarter. DnB Asset Management AS now owns 14,875 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 4,030 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $1,414,000. Everence Capital Management Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $236,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 61.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 48,316 shares of the real estate investment trust’s stock valued at $1,024,000 after acquiring an additional 18,444 shares in the last quarter. 96.14% of the stock is currently owned by 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.