Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Hits New 12-Month High at $33.58

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $33.58 and last traded at $33.47, with a volume of 997765 shares changing hands. The stock had previously closed at $32.31.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HASI shares. Oppenheimer reissued an “outperform” rating and issued a $48.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. TD Cowen raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 13th. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. The Goldman Sachs Group increased 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 report on Friday, February 16th. Finally, StockNews.com upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.1 %

The firm has a market capitalization of $3.76 billion, a PE ratio of 15.67, a PEG ratio of 1.20 and a beta of 1.88. The company’s 50 day simple moving average is $27.25 and its 200-day simple moving average is $25.67. The company has a debt-to-equity ratio of 1.87, a quick ratio of 15.61 and a current ratio of 15.60.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.03%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 80.58%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of HASI. Congress Asset Management Co. MA lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.4% during 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 acquiring an additional 532 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 13.0% during the third 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 last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,970 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 635 shares in the last quarter. Arden Trust Co raised 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 in the last quarter. Finally, Addison Advisors LLC lifted its position in 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.