Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a sell rating to a hold rating in a report issued on Wednesday morning.

Several other research firms have also commented on HASI. Bank of America lifted their price target on shares of 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. B. Riley upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the company a buy rating in a research note on Monday, April 22nd. The Goldman Sachs Group raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a neutral rating in a research report on Friday, February 16th. Morgan Stanley boosted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an overweight rating in a report on Monday, February 26th. Finally, TheStreet raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a d+ rating to a c rating in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of Moderate Buy and a consensus price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.0 %

Shares of HASI stock opened at $25.98 on Wednesday. The company has a current ratio of 19.42, a quick ratio of 19.42 and a debt-to-equity ratio of 1.98. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 0.99 and a beta of 1.88. The company’s 50-day moving average price is $25.93 and its 200-day moving average price is $24.52. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $13.22 and a twelve month high of $29.88.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.415 per share. The ex-dividend date was Thursday, April 4th. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.40. This represents a $1.66 dividend on an annualized basis and a yield of 6.39%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is 123.88%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently added to or reduced their stakes in HASI. CWM LLC increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 83.4% during the third quarter. CWM LLC now owns 3,611 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,642 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 31.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 116,160 shares of the real estate investment trust’s stock valued at $2,463,000 after purchasing an additional 27,484 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at about $837,000. Bank of New York Mellon Corp grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 146.3% during the third quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust’s stock worth $21,550,000 after buying an additional 603,743 shares in the last quarter. Finally, Vert Asset Management LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.0% during the third quarter. Vert Asset Management LLC now owns 43,830 shares of the real estate investment trust’s stock worth $929,000 after buying an additional 3,623 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.