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.

Analyst Ratings Changes

Several brokerages have recently commented on HASI. B. Riley lifted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, April 22nd. Morgan Stanley cut their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $66.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Monday, June 13th. StockNews.com raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a "sell" rating to a "hold" rating in a research report on Monday, May 16th. Finally, JPMorgan Chase & Co. boosted 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 report on Monday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.67.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 8.7 %

Shares of HASI Stock traded up $3.46 during trading hours on Monday, hitting $43.46. 2,670,273 shares of the company were exchanged, compared to its average volume of 909,196. The firm has a market cap of $3.78 billion, a P/E ratio of 46.21, a P/E/G ratio of 2.13 and a beta of 1.62. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $28.68 and a fifty-two week high of $65.74. The company has a debt-to-equity ratio of 1.56, a quick ratio of 18.00 and a current ratio of 18.00. The company has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $40.46.

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

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

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

Insider Buying and Selling

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