The Goldman Sachs Group Lowers Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $31.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target decreased by research analysts at The Goldman Sachs Group from $32.00 to $31.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 16.54% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Robert W. Baird boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Citigroup increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Wednesday, September 4th. They issued a “buy” rating and a $39.00 price objective for the company. Finally, StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 4.7 %

HASI opened at $26.60 on Tuesday. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $21.77 and a 52 week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm has a 50-day simple moving average of $31.67 and a two-hundred day simple moving average of $31.92. The company has a market capitalization of $3.15 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn bought 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently modified their holdings of HASI. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at $60,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $73,000. Covestor Ltd raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the third quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 530 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth about $69,000. Finally, Addison Advisors LLC grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% during the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.