JPMorgan Chase & Co. Has Lowered Expectations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Stock Price

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target reduced by analysts at JPMorgan Chase & Co. from $42.00 to $39.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 43.09% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Robert W. Baird lifted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. The Goldman Sachs Group reduced their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

HASI opened at $27.26 on Thursday. The firm has a market cap of $3.23 billion, a PE ratio of 15.31, a P/E/G ratio of 1.00 and a beta of 1.94. The stock has a 50-day moving average price of $28.48 and a 200-day moving average price of $31.24. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $22.59 and a 1 year high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Insider Activity

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Erste Asset Management GmbH acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $73,622,000. Encompass Capital Advisors LLC purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $18,759,000. Wellington Management Group LLP boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after buying an additional 491,585 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock valued at $31,487,000 after buying an additional 371,593 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $5,616,000. 96.14% of the stock is owned by institutional investors and hedge funds.

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.