Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Raised to $44.00 at B. Riley

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target raised by B. Riley from $41.00 to $44.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for Hannon Armstrong Sustainable Infrastructure Capital’s Q1 2024 earnings at $0.46 EPS, Q2 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.58 EPS, Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $2.20 EPS and FY2025 earnings at $2.47 EPS.

Other equities analysts also recently issued reports about the company. Morgan Stanley lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an overweight rating in a research report on Monday, February 26th. Mizuho lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $31.00 and gave the company a buy rating in a research report on Wednesday, January 3rd. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a sell rating in a research report on Wednesday, March 20th. Bank of America lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the company a buy rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the company a neutral rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE HASI opened at $25.42 on Monday. The company has a market capitalization of $2.89 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.88. The company has a debt-to-equity ratio of 1.98, a quick ratio of 19.42 and a current ratio of 19.42. The business’s fifty day moving average is $25.96 and its 200 day moving average is $24.10. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 6.53%. This is a boost from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 4th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently made changes to their positions in the company. Congress Asset Management Co. MA increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.4% in the first quarter. Congress Asset Management Co. MA now owns 38,856 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 532 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 13.0% in the third quarter. Catalyst Capital Advisors LLC now owns 4,837 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 557 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,970 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 635 shares during the last quarter. Arden Trust Co increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.2% in the fourth quarter. Arden Trust Co now owns 16,732 shares of the real estate investment trust’s stock worth $461,000 after purchasing an additional 675 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% in the fourth quarter. Addison Advisors LLC now owns 1,970 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 713 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

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.