Analysts Set Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) PT at $25.88

Shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.00.

HASI has been the topic of several research reports. B. Riley set a $27.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Friday, December 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $26.00 target price (down from $30.00) on shares of Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, February 22nd. Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Cowen set a $28.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Roth Capital set a $28.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Saturday, November 25th.

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Shares of Hannon Armstrong Sustnbl Infrstr Cap (HASI) traded down $0.37 during trading on Friday, hitting $18.31. The stock had a trading volume of 156,960 shares, compared to its average volume of 464,422. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $17.33 and a fifty-two week high of $25.28. The stock has a market capitalization of $987.48, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. The company has a quick ratio of 40.96, a current ratio of 40.96 and a debt-to-equity ratio of 2.22.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, April 4th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $1.32 annualized dividend and a dividend yield of 7.21%. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is 227.59%.

In related news, insider Jeffrey Eckel acquired 15,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $18.94 per share, with a total value of $284,100.00. Following the completion of the purchase, the insider now directly owns 707,618 shares of the company’s stock, valued at approximately $13,402,284.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nwam LLC increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 28.6% during the fourth quarter. Nwam LLC now owns 20,142 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 4,484 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 4.6% during the fourth quarter. Eagle Boston Investment Management Inc. now owns 577,269 shares of the real estate investment trust’s stock worth $13,889,000 after acquiring an additional 25,314 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 11.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 55,810 shares of the real estate investment trust’s stock worth $1,343,000 after acquiring an additional 5,575 shares during the last quarter. Baird Financial Group Inc. increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 71.0% during the fourth quarter. Baird Financial Group Inc. now owns 170,483 shares of the real estate investment trust’s stock worth $4,102,000 after acquiring an additional 70,787 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Hannon Armstrong Sustnbl Infrstr Cap by 5.5% during the third quarter. California Public Employees Retirement System now owns 99,656 shares of the real estate investment trust’s stock worth $2,429,000 after acquiring an additional 5,156 shares during the last quarter. 72.67% of the stock is currently owned by institutional investors.

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Hannon Armstrong Sustnbl Infrstr Cap 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 Sustnbl Infrstr Cap (NYSE:HASI)

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