Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Now Covered by Analysts at Jefferies Financial Group

Research analysts at Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a report issued on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $39.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target points to a potential upside of 19.01% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday. They set an “outperform” rating and a $41.00 price objective on the stock. TD Cowen lifted 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. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, Mizuho boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $32.77 on Wednesday. The firm’s 50-day moving average price is $31.24 and its 200-day moving average price is $29.26. The firm has a market capitalization of $3.74 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.16 and a beta of 1.98. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The company had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital will post 2.32 earnings per share for the current fiscal year.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in HASI. Doheny Asset Management CA purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at $1,144,000. Algert Global LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 55.2% during the second quarter. Algert Global LLC now owns 32,218 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 11,458 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth approximately $204,000. The Manufacturers Life Insurance Company lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 63,099 shares of the real estate investment trust’s stock valued at $1,868,000 after purchasing an additional 4,552 shares during the last quarter. Finally, Encompass Capital Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $18,759,000. 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.