Hannon Armstrong Sustainable Infrastructure Capital - HASI Stock Forecast, Price & News

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems. It also focuses in the areas of grid connected projects that deploy cleaner energy sources, such as solar and wind to generate power; and other sustainable infrastructure projects, including upgraded transmission or distribution systems, water and storm water infrastructures, and other projects. The company qualifies as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1981 and is headquartered in Annapolis, Maryland.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HASI. JPMorgan Chase & Co. lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $61.00 to $67.00 and gave the stock an "overweight" rating in a research note on Monday. Morgan Stanley lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, June 13th. B. Riley lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, April 22nd. Finally, StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.67.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.0 %

Hannon Armstrong Sustainable Infrastructure Capital stock traded down $0.02 during midday trading on Tuesday, hitting $43.44. 19,249 shares of the stock were exchanged, compared to its average volume of 1,622,427. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $28.68 and a 52-week high of $65.74. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62. The business's 50-day moving average price is $36.42 and its 200-day moving average price is $40.49. The company has a quick ratio of 18.00, a current ratio of 18.00 and a debt-to-equity ratio of 1.56.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Rating) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 38.63% and a return on equity of 10.80%. During the same period in the previous year, the business earned $0.52 EPS. On average, research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 1.82 EPS for the current fiscal year.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Tuesday, October 4th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, October 3rd. Hannon Armstrong Sustainable Infrastructure Capital's payout ratio is 154.64%.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CEO Jeffrey Eckel bought 2,668 shares of the company's stock in a transaction on Friday, May 13th. The shares were purchased at an average cost of $37.41 per share, for a total transaction of $99,809.88. Following the completion of the purchase, the chief executive officer now directly owns 535,507 shares in the company, valued at $20,033,316.87. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Hannon Armstrong Sustainable Infrastructure Capital news, CEO Jeffrey Eckel purchased 2,668 shares of the stock in a transaction dated Friday, May 13th. The shares were bought at an average price of $37.41 per share, with a total value of $99,809.88. Following the completion of the transaction, the chief executive officer now directly owns 535,507 shares in the company, valued at approximately $20,033,316.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Lipson purchased 3,000 shares of the stock in a transaction dated Friday, May 13th. The stock was acquired at an average cost of $37.18 per share, for a total transaction of $111,540.00. Following the transaction, the chief financial officer now owns 30,737 shares of the company's stock, valued at $1,142,801.66. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company's stock.