Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives $39.83 Average Target Price from Analysts

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been given an average recommendation of “Buy” by the thirteen research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.83.

Several brokerages recently issued reports on HASI. Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target on the stock. Mizuho boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective on the stock. Morgan Stanley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.3 %

NYSE HASI opened at $35.02 on Thursday. 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 one year low of $16.80 and a one year high of $36.15. The company has a 50-day simple moving average of $33.86 and a 200-day simple moving average of $31.53. The firm has a market capitalization of $3.99 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.28 and a beta of 1.98.

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

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Macroview Investment Management LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth approximately $31,000. Plato Investment Management Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the first quarter valued at $49,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at $69,000. Addison Advisors LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth $90,000. 96.14% of the stock is owned by institutional investors and hedge funds.

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.