Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded at StockNews.com

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASIGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other research firms have also weighed in on HASI. Morgan Stanley lowered their target price on Hannon Armstrong Sustainable Infrastructure Capital from $67.00 to $66.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Zacks Investment Research raised Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Monday, February 21st. TheStreet downgraded Hannon Armstrong Sustainable Infrastructure Capital from a “b” rating to a “c+” rating in a research report on Thursday, March 31st. JPMorgan Chase & Co. reduced their price target on Hannon Armstrong Sustainable Infrastructure Capital from $70.00 to $60.00 in a research report on Thursday, January 20th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $72.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, January 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Buy” and a consensus price target of $59.88.

Shares of NYSE HASI opened at $40.56 on Thursday. The business’s 50 day moving average is $45.36 and its two-hundred day moving average is $49.71. 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 1-year low of $34.66 and a 1-year high of $65.74. The stock has a market capitalization of $3.58 billion, a P/E ratio of 27.41, a PEG ratio of 2.17 and a beta of 1.83.

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 for the quarter, topping the Thomson Reuters’ 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 quarter in the previous year, the company earned $0.31 EPS. As a group, equities research analysts anticipate that Hannon Armstrong Sustainable Infrastructure Capital will post 1.75 earnings per share for the current fiscal year.

In other news, EVP Marc T. Pangburn sold 4,700 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $43.27, for a total transaction of $203,369.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Schnieders Capital Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at about $232,000. Comerica Bank raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 7.9% in the 1st quarter. Comerica Bank now owns 10,372 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 763 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 7,259 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 327 shares during the last quarter. Good Life Advisors LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.0% in the 1st quarter. Good Life Advisors LLC now owns 8,561 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 333 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 32.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,904 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 466 shares during the last quarter. 83.78% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile (Get Rating)

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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