Hannon Armstrong (HASI) Receives $26.14 Consensus Target Price from Analysts

Shares of Hannon Armstrong (NYSE:HASI) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $26.14.

Several research firms have recently commented on HASI. B. Riley set a $27.00 price objective on shares of Hannon Armstrong and gave the stock a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Hannon Armstrong from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Cowen set a $28.00 price objective on shares of Hannon Armstrong and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird reiterated an “outperform” rating and set a $26.00 price objective (down from $30.00) on shares of Hannon Armstrong in a research note on Thursday, February 22nd. Finally, UBS began coverage on shares of Hannon Armstrong in a research note on Thursday, March 15th. They set a “buy” rating and a $21.00 price objective for the company.

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In other Hannon Armstrong news, insider Jeffrey Eckel bought 15,000 shares of Hannon Armstrong stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $18.94 per share, with a total value of $284,100.00. Following the completion of the acquisition, the insider now directly owns 707,618 shares in the company, valued at approximately $13,402,284.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC increased its holdings in Hannon Armstrong by 2.4% in the third quarter. Neuberger Berman Group LLC now owns 810,588 shares of the real estate investment trust’s stock valued at $19,754,000 after buying an additional 19,081 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Hannon Armstrong by 12.2% in the fourth quarter. Guggenheim Capital LLC now owns 805,504 shares of the real estate investment trust’s stock valued at $19,379,000 after buying an additional 87,823 shares in the last quarter. Eagle Boston Investment Management Inc. increased its holdings in Hannon Armstrong by 4.6% in the fourth quarter. Eagle Boston Investment Management Inc. now owns 577,269 shares of the real estate investment trust’s stock valued at $13,889,000 after buying an additional 25,314 shares in the last quarter. Teachers Advisors LLC increased its holdings in Hannon Armstrong by 386.2% in the fourth quarter. Teachers Advisors LLC now owns 426,796 shares of the real estate investment trust’s stock valued at $10,269,000 after buying an additional 339,010 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Hannon Armstrong by 74.5% in the fourth quarter. Handelsbanken Fonder AB now owns 410,400 shares of the real estate investment trust’s stock valued at $9,874,000 after buying an additional 175,235 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

NYSE:HASI opened at $19.12 on Wednesday. Hannon Armstrong has a 12 month low of $17.33 and a 12 month high of $25.28. The company has a debt-to-equity ratio of 2.22, a current ratio of 40.96 and a quick ratio of 40.96. The firm has a market cap of $1,026.96, a PE ratio of 18.21, a P/E/G ratio of 2.56 and a beta of 0.85.

Hannon Armstrong (NYSE:HASI) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Hannon Armstrong had a return on equity of 8.84% and a net margin of 29.23%. The company had revenue of $8.35 million for the quarter, compared to analyst estimates of $9.86 million. equities analysts predict that Hannon Armstrong will post 1.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $1.32 annualized dividend and a dividend yield of 6.90%. Hannon Armstrong’s dividend payout ratio (DPR) is presently 125.71%.

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Hannon Armstrong Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Analyst Recommendations for Hannon Armstrong (NYSE:HASI)

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