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

Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research note issued to investors on Thursday, MarketBeat reports. The firm issued a buy rating and a $40.00 price target on the real estate investment trust’s stock.

HASI has been the topic of a number of other reports. The Goldman Sachs Group cut their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, Citigroup upgraded 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.0 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.28 on Thursday. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.05 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $22.92 and a twelve month high of $36.56. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The business’s 50 day simple moving average is $28.28 and its 200-day simple moving average is $31.04.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently made changes to their positions in the business. Legend Financial Advisors Inc. acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 394 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 439 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth $39,000. Finally, Allworth Financial LP grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% in the 4th 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. 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.