Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated by Analysts at Truist Financial

Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a report issued on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $40.00 target price on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. The Goldman Sachs Group cut their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.0 %

Shares of NYSE HASI opened at $28.28 on Thursday. The stock has a market capitalization of $3.35 billion, a PE ratio of 15.89, a P/E/G ratio of 1.05 and a beta of 1.95. 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 fifty day moving average of $28.28 and a 200-day moving average of $31.04. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $22.92 and a 52-week high of $36.56.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn acquired 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The shares were purchased 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 $1,630,469.61. The trade was a 6.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors have recently modified their holdings of HASI. Wellington Management Group LLP grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after purchasing an additional 491,585 shares in the last quarter. State Street Corp grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust’s stock worth $152,575,000 after acquiring an additional 42,762 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock valued at $90,912,000 after acquiring an additional 53,799 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% during the 4th quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock valued at $59,265,000 after acquiring an additional 602,456 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $73,622,000. Institutional investors and hedge funds 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.