Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Given New $40.00 Price Target at TD Cowen

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Free Report) had its price objective increased by TD Cowen from $35.00 to $40.00 in a research note published on Monday morning, Benzinga reports. TD Cowen currently has a buy rating on the real estate investment trust's stock.

Other analysts have also issued research reports about the company. TheStreet raised Hannon Armstrong Sustainable Infrastructure Capital from a d+ rating to a c rating in a research note on Thursday, February 15th. StockNews.com raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a sell rating to a hold rating in a research report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on shares of 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 increased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an overweight rating in a research note on Monday, February 26th. Finally, B. Riley boosted their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of Moderate Buy and an average target price of $33.00.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE:HASI traded down $0.06 during trading hours on Monday, reaching $32.02. 1,155,792 shares of the company traded hands, compared to its average volume of 1,032,270. The company has a debt-to-equity ratio of 1.87, a current ratio of 15.60 and a quick ratio of 15.61. The firm's 50-day moving average is $26.36 and its 200-day moving average is $24.99. The stock has a market cap of $3.65 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.22 and a beta of 1.88. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $13.22 and a 1-year high of $32.74.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 80.58%.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 706.6% in the 3rd quarter. Manchester Capital Management LLC now owns 1,226 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 1,074 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 3,739.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,047 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth approximately $34,000. Scarborough Advisors LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at approximately $40,000. Finally, Addison Advisors LLC raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 56.7% during 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 period. 96.14% of the stock is 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.