Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $32.00 at The Goldman Sachs Group

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target hoisted by The Goldman Sachs Group from $28.00 to $32.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on HASI. Mizuho increased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an outperform rating in a research report on Friday, July 26th. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a sell rating to a hold rating in a research report on Wednesday, May 1st. Oppenheimer restated an outperform rating and issued a $48.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, May 16th. JPMorgan Chase & Co. increased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an overweight rating in a research note on Tuesday, July 16th. Finally, B. Riley upgraded Hannon Armstrong Sustainable Infrastructure Capital to a strong-buy rating in a research note on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of Moderate Buy and a consensus price target of $36.00.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.4 %

HASI stock opened at $30.05 on Monday. The stock has a market cap of $3.43 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.20 and a beta of 1.98. The company has a current ratio of 15.60, a quick ratio of 15.61 and a debt-to-equity ratio of 1.87. The stock’s fifty day simple moving average is $31.20 and its two-hundred day simple moving average is $28.18. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results 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 company had revenue of $94.52 million for the quarter, compared to analysts’ expectations of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.34% and a net margin of 69.21%. During the same period in the previous year, the business posted $0.53 EPS. Analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently bought and sold shares of the company. First Affirmative Financial Network lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.3% in the 2nd quarter. First Affirmative Financial Network now owns 7,745 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 391 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.2% during the 2nd 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 in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of 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 worth $862,000 after purchasing an additional 432 shares during the period. Harrington Investments INC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% in the second quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 450 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.4% during the first quarter. Congress Asset Management Co. MA now owns 38,856 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 532 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.