Hannon Armstrong Sustnbl Infrstr Cap (HASI) Now Covered by Analysts at B. Riley

Hannon Armstrong Sustnbl Infrstr Cap (HASI) Now Covered by Analysts at B. Riley

Several other equities research analysts also recently commented on HASI. UBS Group downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $23.00 in a report on Friday, November 30th. ValuEngine upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a report on Wednesday, December 5th. FBR & Co set a $26.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research downgraded Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, Cowen set a $30.00 target price on Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.00.

B. Riley started coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) in a research note issued on Thursday. The brokerage set a “buy” rating and a $29.00 price target on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 16.28% from the stock’s previous close.

NYSE HASI opened at $24.94 on Thursday. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $17.76 and a one year high of $25.67. The stock has a market capitalization of $1.61 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 9.87 and a beta of 1.09. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 1.54.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. Hannon Armstrong Sustnbl Infrstr Cap had a return on equity of 9.65% and a net margin of 30.17%. The company had revenue of $19.74 million during the quarter, compared to the consensus estimate of $14.65 million. On average, sell-side analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will post 1.18 EPS for the current year.

In other news, EVP Nathaniel Rose sold 10,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $25.29, for a total transaction of $252,900.00. Following the transaction, the executive vice president now directly owns 300,654 shares of the company’s stock, valued at approximately $7,603,539.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.73, for a total value of $123,650.00. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HASI. Van ECK Associates Corp increased its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 63.6% during the 4th quarter. Van ECK Associates Corp now owns 2,184,399 shares of the real estate investment trust’s stock valued at $41,613,000 after purchasing an additional 849,402 shares during the last quarter. Norges Bank bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 4th quarter valued at approximately $11,366,000. Federated Investors Inc. PA bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 3rd quarter valued at approximately $7,249,000. Two Sigma Investments LP bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 4th quarter valued at approximately $4,706,000. Finally, Bank of New York Mellon Corp increased its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 57.7% during the 4th quarter. Bank of New York Mellon Corp now owns 378,377 shares of the real estate investment trust’s stock valued at $7,208,000 after purchasing an additional 138,457 shares during the last quarter. 68.51% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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