B. Riley Upgrades Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) to Strong-Buy

B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) to a strong-buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

HASI has been the topic of a number of other reports. Oppenheimer restated an outperform rating and issued a $48.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 16th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a sell rating to a hold rating in a research note on Wednesday, May 1st. Morgan Stanley lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an overweight rating in a report on Monday, February 26th. JPMorgan Chase & Co. boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $37.00 to $39.00 and gave the stock an overweight rating in a research report on Thursday, May 23rd. Finally, Bank of America lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a buy rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $33.82.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.1 %

NYSE HASI opened at $29.60 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $13.22 and a 52-week high of $33.99. The firm has a 50-day moving average price of $30.25 and a 200 day moving average price of $27.29. The stock has a market capitalization of $3.37 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.13 and a beta of 1.99. The company has a quick ratio of 15.61, a current ratio of 15.60 and a debt-to-equity ratio of 1.87.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently bought and sold shares of HASI. Global Retirement Partners LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,047 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at about $34,000. Scarborough Advisors LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth about $40,000. Plato Investment Management Ltd purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter worth about $49,000. Finally, Addison Advisors LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during the 4th quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 713 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.