Stocks of Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI) traded higher last session on Wall Street, down -6.55% to $15.42.
According to the data, Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI) has 10 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $23.00, we find $44.00. Given the previous closing price of $16.50, this indicates a potential upside of 166.67 percent. HASI stock price is now -33.07% away from the 50-day moving average and -43.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.65B.
A total of 3 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $37.22 as their price target over the next twelve months.
With the price target of $24, Citigroup recently initiated with Neutral rating for Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI).
In other news, Pangburn Marc T., Chief Financial Officer bought 5,000 shares of the company’s stock on Aug 21. The stock was bought for $105,450 at an average price of $21.09. Upon completion of the transaction, the Chief Financial Officer now directly owns 53,291 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21, Chief Executive Officer Lipson Jeffrey bought 4,000 shares of the business’s stock. A total of $84,360 was incurred on buying the stock at an average price of $21.09. This leaves the insider owning 36,925 shares of the company worth $0.57 million. Insiders disposed of 18,702 shares of company stock worth roughly $0.29 million over the past 1 year. A total of 2.34% 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 EDENTREE ASSET MANAGEMENT LTD during the first quarter worth $4,698,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $3,840,000 in shares of HASI during the first quarter. In the first quarter, HANDELSINVEST INVESTERINGSFORVALTNING acquired a new stake in Hannon Armstrong Sustainable Infrastructure capital Inc valued at approximately $3,701,000. MARSHALL WACE, LLP acquired a new stake in HASI for approximately $2,804,000. NATIXIS purchased a new stake in HASI valued at around $2,167,000 in the second quarter. In total, there are 481 active investors with 93.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $16.52 for Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI). During the past 12 months, Hannon Armstrong Sustainable Infrastructure capital Inc has had a low of $16.19 and a high of $39.67. The fifty day moving average price for HASI is $22.80 and a two-hundred day moving average price translates $27.25 for the stock.
The latest earnings results from Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) was released for Jun, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.53, inline with analysts’ expectations of $0.53. This compares to -$0.21 EPS in the same period last year. The net profit margin was 19.64% and return on equity was 2.93% for HASI. The company reported revenue of $74.33 million for the quarter, compared to $62.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.36 percent. For the current quarter, analysts expect HASI to generate $44.46M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/11/2023. Investors who held shares on 10/04/2023 were paid a $0.395 dividend. On an annualized basis, this represents a $1.60 dividend and a 10.40% percent yield. There was an ex-dividend date of 10/03/2023 for this dividend. In terms of dividend payout ratio, HASI is presently at 333.11%.
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 sustainable infrastructure projects, including upgraded transmission or distribution systems, water and storm water infrastructures, transportation fleet enhancements, renewable natural gas plants, 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.
