Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Increased to $44.00 by Analysts at B. Riley

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its target price hoisted by B. Riley from $41.00 to $44.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on HASI. Morgan Stanley increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an overweight rating in a research note on Monday, February 26th. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a sell rating in a report on Wednesday, March 20th. Mizuho increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the stock a buy rating in a report on Wednesday, January 3rd. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a d+ rating to a c rating in a report on Thursday, February 15th. Finally, Bank of America raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a buy rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of Moderate Buy and a consensus price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 1.8 %

NYSE:HASI opened at $25.39 on Monday. The stock’s fifty day moving average price is $25.89 and its two-hundred day moving average price is $23.93. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $13.22 and a 52-week high of $29.88. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 0.95 and a beta of 1.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.415 dividend. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 83.4% during the third quarter. CWM LLC now owns 3,611 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,642 shares during the last quarter. DnB Asset Management AS raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.2% in the third quarter. DnB Asset Management AS now owns 14,875 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 4,030 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $1,414,000. Everence Capital Management Inc. acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at approximately $236,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 61.7% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 48,316 shares of the real estate investment trust’s stock valued at $1,024,000 after acquiring an additional 18,444 shares during the last quarter. 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.