Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Receives Average Recommendation of “Buy” from Analysts

Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) have been given a consensus recommendation of “Buy” by the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.23.

HASI has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target for the company. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 8th.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.2 %

Shares of NYSE HASI opened at $28.21 on Friday. 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 moving average price of $28.22 and a 200 day moving average price of $31.03. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $23.14 and a 52 week high of $36.56. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.95.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital 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 price of $28.71 per share, with a total value of $100,485.00. Following the completion of the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 377 shares during the period. First Affirmative Financial Network increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the third quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 384 shares during the last quarter. AQR Capital Management LLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the second quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock worth $718,000 after purchasing an additional 392 shares during the period. Blue Trust Inc. boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 432 shares during the period. 96.14% of the stock is 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.