Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $33.00 price objective on the real estate investment trust’s stock.

Several other research firms also recently issued reports on HASI. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, February 6th. They set a “buy” rating and a $40.00 price target on the stock. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. The Goldman Sachs Group reduced their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.0 %

NYSE:HASI opened at $28.50 on Thursday. The business’s 50-day moving average is $27.74 and its two-hundred day moving average is $30.70. The firm has a market capitalization of $3.40 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $24.00 and a 12 month high of $36.56. The company has a debt-to-equity ratio of 1.83, a current ratio of 11.25 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a $0.42 dividend. The ex-dividend date is Friday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a yield of 5.89%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 106.33%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $27,000. Blue Trust Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 394 shares during the period. Smartleaf Asset Management LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at $39,000. Finally, Allworth Financial LP raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares in the last quarter. Institutional investors and hedge funds 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.