The price of Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) shares last traded on Wall Street fell -5.29% to $32.61.
Based on available information, 9 analysts follow Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $56.00 and a low of $36.00, we find $50.00. Given the previous closing price of $34.43, this indicates a potential upside of 45.22 percent. HASI stock price is now 4.28% away from the 50-day moving average and -7.38% away from the 200-day moving average. The market capitalization of the company currently stands at $2.89B.
Among analysts, 2 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $47.13 as their price target over the next twelve months.
With the price target reduced from $60 to $50, UBS Upgraded its rating from Neutral to Buy for Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI). On October 14, 2021, Berenberg recently initiated its ‘Buy’ rating on the stock quoting a target price of $65, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’.
In other news, ARDISANA LIZABETH A, Director bought 825 shares of the company’s stock on Nov 10. The stock was bought for $25,406 at an average price of $30.80. Upon completion of the transaction, the Director now directly owns 825 shares in the company, valued at $26903.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Director OSGOOD STEVEN G bought 1,000 shares of the business’s stock. A total of $32,100 was incurred on buying the stock at an average price of $32.10. This leaves the insider owning 29,281 shares of the company worth $0.95 million. Insiders disposed of 23,119 shares of company stock worth roughly $0.75 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HASI stock. A new stake in Hannon Armstrong Sustainable Infrastructure Capital Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $109,531,000. DEPRINCE RACE & ZOLLO INC invested $26,503,000 in shares of HASI during the first quarter. In the first quarter, RUSSELL INVESTMENTS GROUP, LTD. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital Inc. valued at approximately $3,788,000. STRATEGIC WEALTH ADVISORS GROUP, LLC acquired a new stake in HASI for approximately $1,160,000. TWINBEECH CAPITAL LP purchased a new stake in HASI valued at around $1,125,000 in the second quarter. In total, there are 514 active investors with 95.30% ownership of the company’s stock.
A candlestick chart of Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) showed a price of $33.84 on Thursday morning. During the past 12 months, Hannon Armstrong Sustainable Infrastructure Capital Inc. has had a low of $21.56 and a high of $51.71. The fifty day moving average price for HASI is $31.27 and a two-hundred day moving average price translates $35.21 for the stock.
The latest earnings results from Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) was released for Jun, 2022. According to the REIT – Specialty Company, earnings per share came in at $0.6, beating analysts’ expectations of $0.5 by 0.1. This compares to -$0.04 EPS in the same period last year. The net profit margin was 52.40% and return on equity was 7.80% for HASI. The company reported revenue of $60.15 million for the quarter, compared to $48.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.05 percent. For the current quarter, analysts expect HASI to generate $32.07M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/06/2023. Investors who held shares on 12/28/2022 were paid a $0.375 dividend. On an annualized basis, this represents a $1.50 dividend and a 4.60% percent yield. There was an ex-dividend date of 12/27/2022 for this dividend. In terms of dividend payout ratio, HASI is presently at 100.70%.
Hannon Armstrong Sustainable Infrastructure Capital Inc.(HASI) 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 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.