Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Hits New 1-Year High – What’s Next?

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.56 and last traded at $35.74, with a volume of 1301438 shares. The stock had previously closed at $34.43.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HASI. The Goldman Sachs Group increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Mizuho increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Robert W. Baird increased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price on the stock. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

The firm has a fifty day moving average price of $34.04 and a 200 day moving average price of $31.75. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. The stock has a market cap of $4.16 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.98.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The firm had revenue of $94.52 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.53 EPS. Research analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swedbank AB raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the 2nd quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares during the last quarter. Tidal Investments LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the 1st quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock worth $2,321,000 after acquiring an additional 26,508 shares during the last quarter. Abundance Wealth Counselors purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter worth $1,110,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 38.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock valued at $23,775,000 after buying an additional 232,351 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 77.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 52,828 shares of the real estate investment trust’s stock valued at $1,500,000 after buying an additional 23,063 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.