Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $39.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target boosted by JPMorgan Chase & Co. from $37.00 to $39.00 in a research report report published on Thursday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the stock. TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a d+ rating to a c rating in a report on Thursday, February 15th. The Goldman Sachs Group upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a neutral rating in a research report on Friday, February 16th. Morgan Stanley raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an overweight rating in a research report on Monday, February 26th. B. Riley upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a buy rating in a report on Monday, April 22nd. Finally, TD Cowen raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the company a buy rating in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $33.82.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.7 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $33.33 on Thursday. The business’s 50-day moving average price is $27.72 and its 200 day moving average price is $25.86. The company has a quick ratio of 15.61, a current ratio of 15.60 and a debt-to-equity ratio of 1.87. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.21 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $13.22 and a 52 week high of $33.76.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HASI. DekaBank Deutsche Girozentrale raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,411.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 150,714 shares of the real estate investment trust’s stock valued at $4,192,000 after buying an additional 140,744 shares during the last quarter. Cascade Investment Group Inc. purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth approximately $1,225,000. Raymond James & Associates boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 20.9% during the 4th quarter. Raymond James & Associates now owns 207,946 shares of the real estate investment trust’s stock worth $5,735,000 after purchasing an additional 35,920 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 101.1% in the fourth quarter. BNP Paribas Financial Markets now owns 92,581 shares of the real estate investment trust’s stock valued at $2,553,000 after purchasing an additional 46,550 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at approximately $1,533,000. 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.