Bank of America Begins Coverage on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Analysts at Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a report released on Monday. The firm set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Bank of America‘s price objective suggests a potential upside of 31.88% from the company’s current price.

A number of other research firms have also recently issued reports on HASI. Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Citigroup upped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 0.3 %

Shares of HASI stock opened at $30.33 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. The stock’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $32.13. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a market cap of $3.59 billion, a PE ratio of 17.10, a P/E/G ratio of 1.09 and a beta of 1.98.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the acquisition, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $73,000. Geode Capital Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during 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 buying an additional 53,799 shares in the last quarter. Barclays PLC raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.5% during the third quarter. Barclays PLC now owns 476,940 shares of the real estate investment trust’s stock valued at $16,441,000 after buying an additional 6,911 shares during the last quarter. MML Investors Services LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $352,000. Finally, Wellington Management Group LLP grew its stake in shares of 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 acquiring an additional 491,585 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

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.