Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research note released on Thursday morning, MarketBeat reports. The brokerage issued an overweight rating and a $33.00 target price on the real estate investment trust’s stock.

Several other research firms have also issued reports on HASI. Truist Financial assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They issued a “buy” rating and a $40.00 target price on the stock. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. The Goldman Sachs Group dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $28.73 on Thursday. The company has a market capitalization of $3.43 billion, a PE ratio of 18.18, a P/E/G ratio of 1.06 and a beta of 1.95. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $24.00 and a twelve month high of $36.56. The firm has a fifty day simple moving average of $27.80 and a 200 day simple moving average of $30.67.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. On average, sell-side analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 EPS for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, April 4th. This is an increase from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 5.85%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is presently 106.33%.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legend Financial Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $27,000. Blue Trust Inc. grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 394 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 439 shares in the last quarter. Roxbury Financial LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth about $39,000. Finally, Allworth Financial LP grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% in the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,584 shares in 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.