Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Given Average Recommendation of “Buy” by Brokerages

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been given an average recommendation of “Buy” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.50.

A number of equities research analysts recently weighed in on HASI shares. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group lowered their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Finally, Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares of the company’s stock, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HASI. Pallas Capital Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth about $2,451,000. Clean Yield Group increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.4% during the fourth quarter. Clean Yield Group now owns 191,264 shares of the real estate investment trust’s stock worth $5,132,000 after acquiring an additional 770 shares during the last quarter. Green Alpha Advisors LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the fourth quarter. Green Alpha Advisors LLC now owns 75,457 shares of the real estate investment trust’s stock valued at $2,025,000 after buying an additional 2,965 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after purchasing an additional 21,446 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

HASI opened at $26.52 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.21 and a beta of 1.94. The company’s fifty day moving average price is $29.04 and its two-hundred day moving average price is $31.39. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

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.