Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Earns “Equal Weight” Rating from Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in a research note issued to investors on Tuesday, July 11th.

HASI has been the subject of several other research reports. FBR & Co reiterated a buy rating and set a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. BidaskClub cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a strong-buy rating to a buy rating in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a buy rating and set a $24.00 price target for the company in a research report on Friday, May 5th. Roth Capital set a $25.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a buy rating in a research report on Tuesday, May 2nd. Finally, UBS AG reiterated a buy rating and set a $23.00 price target (down previously from $24.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, March 14th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of Buy and an average price target of $25.11.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) opened at 23.77 on Tuesday. The company’s 50-day moving average is $23.18 and its 200 day moving average is $21.14. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $18.02 and a 1-year high of $25.21. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 43.06 and a beta of 0.96.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Thursday, July 6th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Monday, July 3rd. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 244.44%.

In other news, insider Jeffrey Eckel acquired 2,725 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average price of $22.51 per share, for a total transaction of $61,339.75. Following the completion of the acquisition, the insider now owns 835,826 shares in the company, valued at $18,814,443.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Nathaniel Rose sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $22.39, for a total transaction of $134,340.00. Following the transaction, the chief operating officer now owns 303,506 shares of the company’s stock, valued at approximately $6,795,499.34. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dubuque Bank & Trust Co. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 11.3% in the first quarter. Dubuque Bank & Trust Co. now owns 18,489 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 1,877 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth $103,000. NBW Capital LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.6% in the first quarter. NBW Capital LLC now owns 199,361 shares of the real estate investment trust’s stock worth $4,027,000 after buying an additional 8,782 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.9% in the first quarter. Nationwide Fund Advisors now owns 26,311 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 2,141 shares during the last quarter. Finally, SFE Investment Counsel raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.6% in the first quarter. SFE Investment Counsel now owns 82,254 shares of the real estate investment trust’s stock worth $1,662,000 after buying an additional 4,347 shares during the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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