Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been given an average rating of “Buy” by the ten brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $24.83.

Several brokerages have recently commented on HASI. BidaskClub downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company reiterated a “buy” rating and set a $28.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Thursday, September 28th. Zacks Investment Research upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, August 9th. FBR & Co reiterated a “buy” rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, June 30th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, August 8th.

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

A number of large investors have recently added to or reduced their stakes in HASI. Nationwide Fund Advisors lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 8.9% during the 1st quarter. Nationwide Fund Advisors now owns 26,311 shares of the real estate investment trust’s stock worth $531,000 after purchasing an additional 2,141 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 412.3% during the 1st quarter. Russell Investments Group Ltd. now owns 16,472 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 13,257 shares during the last quarter. US Bancorp DE lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 8.0% during the 1st quarter. US Bancorp DE now owns 5,398 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 400 shares during the last quarter. Swiss National Bank lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 14.4% during the 1st quarter. Swiss National Bank now owns 82,734 shares of the real estate investment trust’s stock worth $1,671,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 262.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 44,239 shares of the real estate investment trust’s stock worth $894,000 after purchasing an additional 32,037 shares during the last quarter. 73.29% of the stock is owned by institutional investors and hedge funds.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up 0.41% on Wednesday, hitting $24.28. The stock had a trading volume of 219,155 shares. The stock’s 50-day moving average price is $23.82 and its 200 day moving average price is $22.74. The company has a market cap of $1.25 billion, a PE ratio of 43.99 and a beta of 0.96. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $24.66.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.32 annualized dividend and a yield of 5.44%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 244.44%.

About Hannon Armstrong Sustainable Infrastructure Capital

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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