Wells Fargo & Company Begins Coverage on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Wells Fargo & Company started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research report issued on Thursday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $33.00 price target on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 14.86% from the stock’s current price.

A number of other research analysts also recently issued reports on HASI. The Goldman Sachs Group lowered their price target on 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. Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, February 6th. They set a “buy” rating and a $40.00 price target on the stock. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America initiated 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 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock opened at $28.73 on Thursday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The company has a debt-to-equity ratio of 1.83, a quick ratio of 13.55 and a current ratio of 11.25. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $24.00 and a one year high of $36.56. The company’s 50-day moving average is $27.78 and its 200 day moving average is $30.68.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million for the quarter, compared to analysts’ expectations of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Sell-side analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legend Financial Advisors Inc. purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth about $27,000. Blue Trust Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 394 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 439 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $39,000. Finally, Allworth Financial LP boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the fourth quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,584 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

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.