Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Cut to Sell at StockNews.com

StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. Royal Bank of Canada began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 price target on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. The Goldman Sachs Group boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.35 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $20.89 and a 52-week high of $36.56. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.00 and a beta of 1.98. The company has a fifty day simple moving average of $33.77 and a 200-day simple moving average of $32.02. The company has a quick ratio of 13.27, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be given a $0.415 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 6.07%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 93.26%.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought 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 directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Affirmative Financial Network increased its stake 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 period. AQR Capital Management LLC increased its stake in shares of 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 buying an additional 392 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.2% during the second quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 401 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 29,138 shares of the real estate investment trust’s stock worth $862,000 after buying an additional 432 shares during the period. Finally, Harrington Investments INC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% during the second quarter. Harrington Investments INC now owns 12,324 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 450 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.