Citigroup Boosts Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $36.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective boosted by Citigroup from $24.00 to $36.00 in a research note released on Tuesday, Benzinga reports. Citigroup currently has a neutral rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on HASI. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. upped their target price on 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. Morgan Stanley lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Mizuho upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE:HASI opened at $34.08 on Tuesday. 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 fifty-two week low of $16.60 and a fifty-two week high of $36.15. The firm has a market cap of $3.89 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.98. The business has a 50 day moving average price of $33.69 and a 200-day moving average price of $31.31.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results 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 business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same quarter in the prior year, the company posted $0.53 EPS. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.87%. The ex-dividend date was Friday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is 80.58%.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently modified their holdings of the stock. PFG Investments LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 8.8% during the 3rd quarter. PFG Investments LLC now owns 239,559 shares of the real estate investment trust’s stock valued at $8,258,000 after purchasing an additional 19,464 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3,347.0% in the 3rd quarter. International Assets Investment Management LLC now owns 127,367 shares of the real estate investment trust’s stock worth $43,900,000 after acquiring an additional 123,672 shares during the last quarter. Plan Group Financial LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at approximately $351,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 28.6% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 45,000 shares of the real estate investment trust’s stock valued at $1,551,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 78.9% during the 3rd quarter. Harbour Capital Advisors LLC now owns 23,960 shares of the real estate investment trust’s stock valued at $829,000 after purchasing an additional 10,565 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.