Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) has been assigned a $27.00 price target by analysts at Robert W. Baird in a note issued to investors on Wednesday. The brokerage presently has a a “buy” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 13.54% from the company’s previous close.

A number of other research analysts have also commented on HASI. Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, July 11th. Barclays PLC began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, September 8th. They issued an “overweight” rating and a $27.00 price target on the stock. FBR & Co reiterated a “buy” rating and issued a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, August 5th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, July 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Buy” and an average price target of $25.38.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up 1.28% during midday trading on Wednesday, hitting $23.78. 198,133 shares of the company traded hands. The stock’s 50-day moving average price is $23.40 and its 200 day moving average price is $21.06. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $15.46 and a 12-month high of $25.21. The company has a market capitalization of $998.40 million, a price-to-earnings ratio of 87.43 and a beta of 1.08.

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Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 30.45% and a return on equity of 8.10%. The business had revenue of $21.85 million for the quarter, compared to analyst estimates of $9.27 million. During the same quarter in the prior year, the business earned $0.26 EPS. Hannon Armstrong Sustainable Infrastructure Capital’s quarterly revenue was up 62.2% on a year-over-year basis. On average, equities analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post $1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, October 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 413.81%.

In other news, CFO J Brendan Herron sold 15,590 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $23.55, for a total transaction of $367,144.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Advisors LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.4% in the second quarter. BlackRock Advisors LLC now owns 17,524 shares of the company’s stock worth $379,000 after buying an additional 66 shares during the period. Swiss National Bank increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.8% in the second quarter. Swiss National Bank now owns 57,834 shares of the company’s stock valued at $1,249,000 after buying an additional 434 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,091 shares of the company’s stock valued at $110,000 after buying an additional 617 shares during the last quarter. I.G. Investment Management LTD. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.7% in the second quarter. I.G. Investment Management LTD. now owns 109,049 shares of the company’s stock valued at $2,355,000 after buying an additional 766 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.0% in the second quarter. Parametric Portfolio Associates LLC now owns 12,387 shares of the company’s stock valued at $268,000 after buying an additional 921 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides debt and equity financing to the energy efficiency and renewable energy markets. The Company originates its transactions primarily through programmatic finance relationships with global energy service companies. It also originates transactions with renewable energy manufacturers, developers and operators, and other companies, which own and operate renewable energy projects, including various utility companies of the United States.

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