Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Given New $44.00 Price Target at Morgan Stanley

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective lifted by Morgan Stanley from $30.00 to $44.00 in a research report report published on Wednesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a strong-buy rating in a research report on Tuesday, June 25th. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a sell rating to a hold rating in a research report on Wednesday, May 1st. TD Cowen raised their target price 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. Mizuho raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an outperform rating in a report on Friday, July 26th. Finally, Oppenheimer restated an outperform rating and set a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $35.64.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.1 %

Shares of NYSE:HASI opened at $31.14 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $13.22 and a 12 month high of $34.00. The company’s 50-day moving average price is $31.36 and its two-hundred day moving average price is $28.01. 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 $3.55 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.20 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.34%. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd were issued a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.66 annualized dividend and a dividend yield of 5.33%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.4% during the second quarter. Rhumbline Advisers now owns 357,090 shares of the real estate investment trust’s stock worth $10,570,000 after purchasing an additional 8,258 shares during the period. Consolidated Portfolio Review Corp lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 28.3% during the second quarter. Consolidated Portfolio Review Corp now owns 23,369 shares of the real estate investment trust’s stock worth $692,000 after purchasing an additional 5,149 shares during the period. Cascade Financial Partners LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $230,000. Bryn Mawr Capital Management LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 86.4% in the second quarter. Bryn Mawr Capital Management LLC now owns 8,000 shares of the real estate investment trust’s stock worth $258,000 after acquiring an additional 3,708 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $109,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.