Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Receives Consensus Rating of “Buy” from Brokerages

Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.88.

A number of equities research analysts have commented on HASI shares. B. Riley set a $27.00 price target on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a report on Thursday, December 28th. Roth Capital set a $28.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Saturday, November 25th. Cowen restated a “buy” rating and set a $28.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, September 28th. Zacks Investment Research upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub lowered Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) traded down $0.09 during trading hours on Friday, reaching $21.85. The company’s stock had a trading volume of 243,922 shares, compared to its average volume of 339,585. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $1,160.00, a PE ratio of 35.82, a PEG ratio of 1.51 and a beta of 0.93. Hannon Armstrong Sustnbl Infrstr Cap has a twelve month low of $18.02 and a twelve month high of $25.28.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 32.42% and a return on equity of 8.61%. research analysts forecast that Hannon Armstrong Sustnbl Infrstr Cap will post 1.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Tuesday, December 26th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.04%. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is 216.39%.

In related news, CFO J Brendan Herron sold 11,063 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $23.96, for a total value of $265,069.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nathaniel Rose sold 8,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $23.58, for a total value of $188,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,063 shares of company stock valued at $571,259. Company insiders own 5.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in Hannon Armstrong Sustnbl Infrstr Cap by 8.5% in the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 350 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Hannon Armstrong Sustnbl Infrstr Cap by 2,784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 5,151 shares in the last quarter. Stifel Financial Corp purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth about $222,000. Kayne Anderson Capital Advisors LP purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth about $231,000. Finally, Legal & General Group Plc grew its position in Hannon Armstrong Sustnbl Infrstr Cap by 11.4% in the second quarter. Legal & General Group Plc now owns 11,720 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors own 71.23% of the company’s stock.

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About Hannon Armstrong Sustnbl Infrstr Cap

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 Sustnbl Infrstr Cap (NYSE:HASI)

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