Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated at Bank of America

Equities researchers at Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Bank of America‘s price target indicates a potential upside of 33.42% from the stock’s current price.

A number of other analysts also recently issued reports on HASI. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Morgan Stanley upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price for the company. Finally, Robert W. Baird upped their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.58.

Read Our Latest Analysis on HASI

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 3.3 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $29.98 on Monday. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $3.55 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.98. The stock has a fifty day simple moving average of $33.01 and a 200 day simple moving average of $32.13. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $21.77 and a 12-month high of $36.56.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the purchase, the chief financial officer now owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently modified their holdings of the stock. Swedbank AB increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 6.8% in the 2nd quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock worth $119,012,000 after acquiring an additional 257,233 shares in the last quarter. Tidal Investments LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 48.0% in the first quarter. Tidal Investments LLC now owns 81,728 shares of the real estate investment trust’s stock valued at $2,321,000 after buying an additional 26,508 shares during the last quarter. Abundance Wealth Counselors acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter worth approximately $1,110,000. Harbor Capital Advisors Inc. purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter valued at $1,742,000. Finally, Oppenheimer & Co. Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after purchasing an additional 27,529 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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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.

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