Hannon Armstrong (NYSE:HASI) has received a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.14.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Hannon Armstrong from a “hold” rating to a “strong sell” rating in a research note on Friday, April 6th. B. Riley set a $27.00 price target on shares of Hannon Armstrong and gave the stock a “buy” rating in a research note on Thursday, December 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $26.00 price target (down previously from $30.00) on shares of Hannon Armstrong in a research note on Thursday, February 22nd. Cowen set a $28.00 price target on shares of Hannon Armstrong and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, UBS began coverage on shares of Hannon Armstrong in a research note on Thursday, March 15th. They issued a “buy” rating and a $21.00 price target on the stock.
In related news, insider Jeffrey Eckel purchased 15,000 shares of Hannon Armstrong stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $18.94 per share, with a total value of $284,100.00. Following the purchase, the insider now directly owns 707,618 shares of the company’s stock, valued at approximately $13,402,284.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of HASI. C M Bidwell & Associates Ltd. purchased a new position in Hannon Armstrong in the 4th quarter worth about $149,000. AllSquare Wealth Management LLC bought a new position in Hannon Armstrong during the 4th quarter worth about $171,000. Stifel Financial Corp bought a new position in Hannon Armstrong during the 3rd quarter worth about $222,000. GSA Capital Partners LLP bought a new position in Hannon Armstrong during the 3rd quarter worth about $439,000. Finally, Teacher Retirement System of Texas bought a new position in Hannon Armstrong during the 4th quarter worth about $440,000. 72.21% of the stock is currently owned by institutional investors.
Shares of HASI traded down $0.18 during midday trading on Wednesday, hitting $19.26. The stock had a trading volume of 175,907 shares, compared to its average volume of 434,174. Hannon Armstrong has a 1 year low of $17.33 and a 1 year high of $25.28. The company has a market cap of $1,020.02, a P/E ratio of 18.34, a P/E/G ratio of 2.54 and a beta of 0.85. The company has a current ratio of 40.96, a quick ratio of 40.96 and a debt-to-equity ratio of 2.22.
Hannon Armstrong (NYSE:HASI) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Hannon Armstrong had a net margin of 29.23% and a return on equity of 8.84%. The firm had revenue of $8.35 million during the quarter, compared to analysts’ expectations of $9.86 million. analysts predict that Hannon Armstrong will post 1.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, April 4th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Tuesday, April 3rd. Hannon Armstrong’s dividend payout ratio is presently 125.71%.
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Hannon Armstrong 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.
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