Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) PT Raised to $36.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its target price lifted by equities research analysts at Citigroup from $24.00 to $36.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s target price would suggest a potential upside of 3.93% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Morgan Stanley lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. B. Riley upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. The Goldman Sachs Group upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Finally, Jefferies Financial Group initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target for the company. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.20 during trading on Tuesday, reaching $34.64. The company’s stock had a trading volume of 321,634 shares, compared to its average volume of 1,031,819. The company has a 50-day moving average price of $33.49 and a two-hundred day moving average price of $31.22. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $16.60 and a fifty-two week high of $36.15. The firm has a market cap of $3.95 billion, a PE ratio of 16.80, a P/E/G ratio of 1.29 and a beta of 1.98. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 69.21% and a return on equity of 12.13%. The company had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same period in the previous year, the business posted $0.53 earnings per share. On average, analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current year.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Affirmative Financial Network increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the 3rd quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 384 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the second quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 392 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.2% in the second quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 401 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 432 shares during the period. Finally, Harrington Investments INC boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.8% during the second quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 450 shares during the last quarter. 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.