Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded to “Strong-Buy” by Baird R W

Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) to a strong-buy rating in a research report released on Friday morning, Zacks.com reports.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an outperform rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an overweight rating in a report on Tuesday, July 16th. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a strong-buy rating in a research note on Tuesday, June 25th. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a buy rating and a $39.00 price target on the stock. Finally, The Goldman Sachs Group boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a neutral rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of Buy and an average price target of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI opened at $34.40 on Friday. The business has a fifty day moving average of $32.57 and a 200-day moving average of $30.34. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $36.15. The firm has a market cap of $3.92 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The firm had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same quarter last year, the company posted $0.53 EPS. On average, equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.66 dividend on an annualized basis and a yield of 4.83%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 80.58%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently added to or reduced their stakes in HASI. Macroview Investment Management LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at approximately $31,000. Scarborough Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth approximately $40,000. Plato Investment Management Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at approximately $49,000. Point72 Hong Kong Ltd acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter valued at about $69,000. Finally, Addison Advisors LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the second quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.