B. Riley initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) in a report released on Thursday morning, The Fly reports. The firm issued a buy rating and a $29.00 target price on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on HASI. UBS Group downgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a buy rating to a neutral rating and raised their target price for the company from $22.00 to $23.00 in a research note on Friday, November 30th. ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a hold rating to a buy rating in a report on Wednesday, December 5th. FBR & Co set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a buy rating in a report on Thursday, December 20th. Zacks Investment Research lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a buy rating to a hold rating in a report on Friday, January 4th. Finally, Cowen set a $30.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a buy rating in a report on Tuesday, February 26th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $26.00.

Shares of NYSE HASI traded down $0.16 during midday trading on Thursday, reaching $25.10. 4,519 shares of the company’s stock traded hands, compared to its average volume of 394,008. The company has a debt-to-equity ratio of 1.54, a quick ratio of 26.46 and a current ratio of 26.46. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $17.76 and a one year high of $25.67. The company has a market cap of $1.60 billion, a PE ratio of 21.13, a P/E/G ratio of 9.87 and a beta of 1.09.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 30.17% and a return on equity of 9.65%. The firm had revenue of $19.74 million for the quarter, compared to the consensus estimate of $14.65 million. On average, analysts forecast that Hannon Armstrong Sustnbl Infrstr Cap will post 1.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Wednesday, April 3rd will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.34%. This is an increase from Hannon Armstrong Sustnbl Infrstr Cap’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, April 2nd. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is 110.92%.

In other news, EVP Nathaniel Rose sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $25.29, for a total value of $252,900.00. Following the sale, the executive vice president now directly owns 300,654 shares of the company’s stock, valued at approximately $7,603,539.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.73, for a total transaction of $123,650.00. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 2.8% in the 4th quarter. BlackRock Inc. now owns 4,876,481 shares of the real estate investment trust’s stock valued at $92,895,000 after acquiring an additional 132,869 shares during the period. Vanguard Group Inc boosted its position in Hannon Armstrong Sustnbl Infrstr Cap by 3.0% during the third quarter. Vanguard Group Inc now owns 2,368,052 shares of the real estate investment trust’s stock worth $50,842,000 after purchasing an additional 68,774 shares during the period. Vanguard Group Inc. boosted its position in Hannon Armstrong Sustnbl Infrstr Cap by 3.0% during the third quarter. Vanguard Group Inc. now owns 2,368,052 shares of the real estate investment trust’s stock worth $50,842,000 after purchasing an additional 68,774 shares during the period. Van ECK Associates Corp boosted its position in Hannon Armstrong Sustnbl Infrstr Cap by 63.6% during the fourth quarter. Van ECK Associates Corp now owns 2,184,399 shares of the real estate investment trust’s stock worth $41,613,000 after purchasing an additional 849,402 shares during the period. Finally, Aristotle Capital Boston LLC boosted its position in Hannon Armstrong Sustnbl Infrstr Cap by 17.8% during the third quarter. Aristotle Capital Boston LLC now owns 897,976 shares of the real estate investment trust’s stock worth $19,280,000 after purchasing an additional 135,804 shares during the period. 68.51% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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 the use of solar generation, 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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Analyst Recommendations for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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