Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $25.38.

HASI has been the subject of several analyst reports. FBR & Co restated a “buy” rating and set a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. BidaskClub lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Cowen and Company set a $28.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, August 8th.

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In other news, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total transaction of $120,550.00. Following the completion of the transaction, the executive vice president now directly owns 263,167 shares of the company’s stock, valued at $6,344,956.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $23.85, for a total transaction of $143,100.00. Following the transaction, the executive vice president now directly owns 297,506 shares of the company’s stock, valued at $7,095,518.10. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.

Several large investors have recently modified their holdings of HASI. BlackRock Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 40,460.6% during the first quarter. BlackRock Inc. now owns 4,377,300 shares of the real estate investment trust’s stock valued at $88,421,000 after acquiring an additional 4,366,508 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at about $14,530,000. UBS Group AG raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 29.0% during the first quarter. UBS Group AG now owns 1,356,323 shares of the real estate investment trust’s stock valued at $27,398,000 after acquiring an additional 304,688 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 13.9% during the first quarter. Vanguard Group Inc. now owns 1,974,937 shares of the real estate investment trust’s stock valued at $39,893,000 after acquiring an additional 240,409 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 12.2% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,850,355 shares of the real estate investment trust’s stock valued at $37,377,000 after acquiring an additional 201,620 shares during the last quarter. 71.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up 1.59% on Friday, reaching $24.29. The company had a trading volume of 903,337 shares. The company’s 50-day moving average is $23.48 and its 200-day moving average is $22.08. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $18.02 and a one year high of $24.66. The company has a market capitalization of $1.25 billion, a PE ratio of 44.00 and a beta of 0.96.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Wednesday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 244.44%.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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