Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Hits New 1-Year High After Dividend Announcement

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) hit a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $30.99 and last traded at $30.69, with a volume of 49875 shares changing hands. The stock had previously closed at $30.45.

The newly announced dividend which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.415 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.66 dividend on an annualized basis and a yield of 5.41%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 123.88%.

Wall Street Analyst Weigh In

HASI has been the topic of a number of research analyst reports. B. Riley boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. TheStreet upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “d+” rating to a “c” rating in a research report on Thursday, February 15th. Morgan Stanley upped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. StockNews.com upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Bank of America upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average price target of $32.22.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

The company has a debt-to-equity ratio of 1.98, a current ratio of 19.42 and a quick ratio of 19.42. The business has a fifty day moving average of $26.09 and a 200 day moving average of $24.73. The stock has a market cap of $3.49 billion, a PE ratio of 22.72, a P/E/G ratio of 0.99 and a beta of 1.88.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 146.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,016,525 shares of the real estate investment trust’s stock worth $21,550,000 after acquiring an additional 603,743 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth $2,287,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,694 shares of the real estate investment trust’s stock valued at $799,000 after purchasing an additional 1,537 shares during the last quarter. Advisor Partners II LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $385,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $675,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.