Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research report sent to investors on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $39.00 price target on the real estate investment trust’s stock.

Several other brokerages have also commented on HASI. JPMorgan Chase & Co. increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an overweight rating in a report on Tuesday, July 16th. Royal Bank of Canada assumed 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. The Goldman Sachs Group increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a neutral rating in a report on Monday, August 5th. Mizuho increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an outperform rating in a report on Friday, July 26th. Finally, TD Cowen upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $35.00 to $40.00 and gave the company a buy rating in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $37.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 3.1 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $32.10 on Wednesday. The business has a fifty day moving average of $31.41 and a two-hundred day moving average of $29.37. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77. The firm has a market cap of $3.66 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.16 and a beta of 1.98. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $34.00.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $94.52 million during the quarter, compared to analyst estimates of $30.97 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.32 earnings per share for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 80.58%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macroview Investment Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth about $31,000. Scarborough Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $40,000. Plato Investment Management Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at about $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at about $69,000. Finally, Addison Advisors LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 580 shares during the period. 96.14% of the stock is 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.