Morgan Stanley Lowers Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $66.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) had its price target cut by equities researchers at Morgan Stanley from $67.00 to $66.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective would indicate a potential upside of 52.07% from the stock’s previous close.

HASI has been the topic of a number of other research reports. Oppenheimer reissued a “buy” rating and issued a $72.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, January 21st. TheStreet cut Hannon Armstrong Sustainable Infrastructure Capital from a “b” rating to a “c+” rating in a research note on Thursday, March 31st. StockNews.com raised Hannon Armstrong Sustainable Infrastructure Capital from a “sell” rating to a “hold” rating in a research note on Monday, March 28th. JPMorgan Chase & Co. reduced their target price on Hannon Armstrong Sustainable Infrastructure Capital from $70.00 to $60.00 in a research note on Thursday, January 20th. Finally, Zacks Investment Research raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $61.88.

Shares of HASI stock traded up $0.21 on Wednesday, reaching $43.40. The company’s stock had a trading volume of 8,430 shares, compared to its average volume of 807,123. The company has a debt-to-equity ratio of 1.59, a current ratio of 18.82 and a quick ratio of 18.82. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $34.66 and a 12-month high of $65.74. The firm has a market cap of $3.77 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.31 and a beta of 1.83. The company has a 50 day simple moving average of $45.30.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.06. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.24% and a net margin of 59.38%. During the same period in the prior year, the firm earned $0.31 EPS. On average, analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 1.75 earnings per share for the current fiscal year.

In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Marc T. Pangburn sold 4,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $43.27, for a total value of $203,369.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. CWM LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $28,000. Huntington National Bank bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $31,000. Trust Co. of Vermont bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $80,000. Cubist Systematic Strategies LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $90,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter valued at approximately $110,000. Institutional investors own 83.78% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital (Get Rating)

Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in focusing on solutions that reduce carbon emissions and increase resilience to climate change by providing capital and specialized expertise to companies in the energy efficiency, renewable energy and other sustainable infrastructure markets.

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