Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Sets New 52-Week High at $34.11

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares hit a new 52-week high on Thursday . The stock traded as high as $34.11 and last traded at $34.03, with a volume of 277680 shares changing hands. The stock had previously closed at $33.53.

Analyst Ratings Changes

HASI has been the topic of several analyst reports. B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Oppenheimer reiterated an “outperform” rating and set a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, May 16th. Jefferies Financial Group initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. The Goldman Sachs Group upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target on the stock. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

The firm has a market cap of $3.94 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.16 and a beta of 1.98. The company has a 50 day simple moving average of $31.65 and a 200-day simple moving average of $29.54. The company has a debt-to-equity ratio of 1.77, a current ratio of 13.27 and a quick ratio of 13.27.

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 (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $94.52 million during the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, equities research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.31 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.415 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.66 annualized dividend and a yield of 4.80%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 80.58%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently bought and sold shares of HASI. Swedbank AB bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at approximately $106,881,000. Norges Bank bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $24,660,000. Vanguard Group Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 12,618,157 shares of the real estate investment trust’s stock valued at $348,009,000 after acquiring an additional 713,519 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $18,759,000. Finally, Bank of New York Mellon Corp raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock worth $51,161,000 after purchasing an additional 267,304 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

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.