Citigroup Upgrades Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) to “Buy”

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $36.00 price objective on the real estate investment trust’s stock. Citigroup’s target price would suggest a potential upside of 30.81% from the stock’s previous close.

HASI has been the topic of a number of other research reports. StockNews.com downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Robert W. Baird raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group dropped their target price on shares of 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. Finally, Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.52 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $21.77 and a 1 year high of $36.56. The firm’s 50-day simple moving average is $29.33 and its 200-day simple moving average is $31.43. The firm has a market cap of $3.26 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94.

Insider Activity

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the purchase, the chief financial officer now directly owns 56,791 shares of the company’s stock, 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 SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 2.4% during the second quarter. Rhumbline Advisers now owns 357,090 shares of the real estate investment trust’s stock worth $10,570,000 after acquiring an additional 8,258 shares during the period. Victory Capital Management Inc. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.8% in the 2nd quarter. Victory Capital Management Inc. now owns 23,468 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 642 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.2% in the 2nd quarter. Arizona State Retirement System now owns 31,849 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 1,297 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 5.2% during the second quarter. Los Angeles Capital Management LLC now owns 8,082 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 401 shares during the last quarter. Finally, Choreo LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $214,000. Institutional investors own 96.14% of the company’s stock.

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.