Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded at StockNews.com

StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a sell rating to a hold rating in a report issued on Wednesday morning.

A number of other research firms also recently weighed in on HASI. Bank of America lifted their price target on shares of 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. Morgan Stanley boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an overweight rating in a research note on Monday, February 26th. Mizuho boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the company a buy rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a neutral rating in a research note on Friday, February 16th. Finally, TheStreet upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a d+ rating to a c rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.1 %

HASI opened at $25.99 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $29.88. 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 firm’s fifty day moving average price is $25.93 and its two-hundred day moving average price is $24.48. The company has a market capitalization of $2.96 billion, a P/E ratio of 19.40, a P/E/G ratio of 0.96 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.415 per share. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.66 annualized dividend and a yield of 6.39%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 123.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HASI. Vanguard Group Inc. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust’s stock worth $252,378,000 after purchasing an additional 1,847,577 shares during the last quarter. Norges Bank bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $24,660,000. AGF Management Ltd. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $17,171,000. Bank of New York Mellon Corp raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 146.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust’s stock worth $21,550,000 after purchasing an additional 603,743 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 44.9% during the 4th quarter. Van ECK Associates Corp now owns 1,883,537 shares of the real estate investment trust’s stock worth $51,948,000 after purchasing an additional 583,665 shares during the last quarter. Institutional investors and hedge funds 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.