Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) shot up 13% during trading on Wednesday after the company announced a dividend. The stock traded as high as $29.69 and last traded at $29.59. 430,672 shares changed hands during trading, a decline of 55% from the average session volume of 964,458 shares. The stock had previously closed at $26.19.
The newly announced dividend which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is currently 123.88%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on HASI shares. Bank of America raised 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 note on Wednesday, March 13th. The Goldman Sachs Group lifted their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, February 16th. 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. StockNews.com upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and an average price target of $32.22.
Get Our Latest Stock Analysis on HASI
Hannon Armstrong Sustainable Infrastructure Capital Stock Performance
The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.88. 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 fifty day moving average price of $26.09 and a 200 day moving average price of $24.73.
Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital
A number of institutional investors and hedge funds have recently bought and sold shares of HASI. Vanguard Group Inc. increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.4% in the third quarter. Vanguard Group Inc. now owns 11,904,638 shares of the real estate investment trust's stock valued at $252,378,000 after acquiring an additional 1,847,577 shares during the period. Norges Bank bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter valued at $24,660,000. AGF Management Ltd. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth $17,171,000. Bank of New York Mellon Corp raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 146.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust's stock valued at $21,550,000 after purchasing an additional 603,743 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 44.9% in the fourth quarter. Van ECK Associates Corp now owns 1,883,537 shares of the real estate investment trust's stock worth $51,948,000 after purchasing an additional 583,665 shares in the last quarter. Institutional investors own 96.14% of the company's stock.
Hannon Armstrong Sustainable Infrastructure Capital Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Hannon Armstrong Sustainable Infrastructure Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hannon Armstrong Sustainable Infrastructure Capital wasn't on the list.
While Hannon Armstrong Sustainable Infrastructure Capital currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
