Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Earns Buy Rating from Analysts at Truist Financial

Equities researchers at Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Truist Financial’s price objective would suggest a potential upside of 44.36% from the company’s previous close.

Several other research firms also recently issued reports on HASI. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target for the company. The Goldman Sachs Group decreased 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 report on Tuesday, December 17th. JPMorgan Chase & Co. reduced 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 note on Thursday, January 23rd. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital currently has a consensus rating of “Moderate Buy” and an average target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.3 %

Shares of HASI opened at $27.71 on Thursday. The firm has a market cap of $3.28 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.05 and a beta of 1.95. The company’s fifty day moving average is $28.28 and its two-hundred day moving average is $31.04. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $22.60 and a fifty-two week high of $36.56. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.

Insider Activity

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 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 completion of the transaction, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. The trade was a 6.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Large investors have recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $27,000. Blue Trust Inc. raised its stake in 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 purchasing an additional 394 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in 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 valued at $37,000 after purchasing an additional 439 shares during the last quarter. Roxbury Financial LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $39,000. Finally, Allworth Financial LP raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 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.