Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives Average Rating of “Buy” from Brokerages

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has earned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $39.83.

A number of brokerages have recently issued reports on HASI. Royal Bank of Canada began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price objective for the company. Citigroup boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Jefferies Financial Group assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price objective for the company. Finally, Robert W. Baird boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, September 27th.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $28.71 per share, for a total transaction 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 approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HASI. First Affirmative Financial Network increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% in the third quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 384 shares during the period. AQR Capital Management LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% in the second quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock valued at $718,000 after purchasing an additional 392 shares during the period. Los Angeles Capital Management LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.2% in the second quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 401 shares during the period. Nisa Investment Advisors LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 432 shares during the period. Finally, Harrington Investments INC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3.8% during the 2nd quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 450 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 1.5 %

Shares of NYSE:HASI opened at $29.01 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $21.77 and a 12-month high of $36.56. The stock has a market cap of $3.44 billion, a PE ratio of 16.30, a P/E/G ratio of 1.09 and a beta of 1.98. The business has a 50 day moving average of $33.01 and a 200-day moving average of $32.13. The company has a quick ratio of 13.55, a current 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 will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 93.26%.

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.