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.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI traded down $0.08 during mid-day trading on Thursday, reaching $45.63. 1,456 shares of the company's stock traded hands, compared to its average volume of 1,284,463. The business's 50-day moving average price is $36.68 and its 200-day moving average price is $40.55. The stock has a market capitalization of $3.97 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.62. The company has a debt-to-equity ratio of 1.56, a quick ratio of 18.00 and a current ratio of 18.00. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $28.68 and a 12 month high of $65.74.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Rating) last released its quarterly 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 return on equity of 10.80% and a net margin of 38.63%. During the same quarter in the previous year, the firm earned $0.52 EPS. Equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 1.8 earnings per share for the current year.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Tuesday, October 4th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.29%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is presently 154.64%.

Analysts Set New Price Targets

Several research firms have issued reports on HASI. JPMorgan Chase & Co. boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $61.00 to $67.00 and gave the stock an "overweight" rating in a research report on Monday. B. Riley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, April 22nd. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Morgan Stanley cut their target price on 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. One 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.67.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

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