Hannon Armstrong Sustnbl Infrstr Cap (HASI) PT Raised to $22.00 at Morgan Stanley

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Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) had its price target upped by Morgan Stanley from $21.00 to $22.00 in a research report report published on Tuesday. Morgan Stanley currently has an equal weight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on HASI. ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a strong sell rating to a sell rating in a research note on Tuesday, June 26th. JPMorgan Chase & Co. began coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, June 14th. They set an overweight rating and a $23.00 target price on the stock. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a sell rating to a hold rating in a research note on Tuesday, August 14th. Finally, B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a buy rating in a research note on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $25.25.

NYSE HASI opened at $21.36 on Tuesday. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $17.33 and a 12 month high of $25.28. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.02 and a beta of 0.91. The company has a current ratio of 41.26, a quick ratio of 41.26 and a debt-to-equity ratio of 2.24.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Wednesday, October 3rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Tuesday, October 2nd. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is currently 125.71%.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $20.45, for a total transaction of $122,700.00. Following the completion of the sale, the executive vice president now directly owns 307,571 shares of the company’s stock, valued at approximately $6,289,826.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HASI. Investec Asset Management LTD grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 5.2% in the second quarter. Investec Asset Management LTD now owns 52,831 shares of the real estate investment trust’s stock valued at $1,043,000 after purchasing an additional 2,600 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 4.2% in the second quarter. California Public Employees Retirement System now owns 73,432 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 2,973 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 6.4% in the second quarter. Rhumbline Advisers now owns 52,427 shares of the real estate investment trust’s stock valued at $1,035,000 after purchasing an additional 3,146 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 0.6% in the first quarter. Northern Trust Corp now owns 582,695 shares of the real estate investment trust’s stock valued at $11,362,000 after purchasing an additional 3,508 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Hannon Armstrong Sustnbl Infrstr Cap by 10.2% in the first quarter. Principal Financial Group Inc. now owns 39,007 shares of the real estate investment trust’s stock valued at $761,000 after purchasing an additional 3,626 shares in the last quarter. 69.24% of the stock is owned by institutional investors and hedge funds.

About Hannon Armstrong Sustnbl Infrstr Cap

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 energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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