StockNews.com Begins Coverage on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Equities researchers at StockNews.com began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI – Get Rating) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, February 17th. Cowen lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, February 23rd. Oppenheimer lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 17th. Bank of America upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $39.00 to $34.00 in a research report on Tuesday, January 24th. Finally, TheStreet cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.71.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

NYSE HASI opened at $25.91 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $21.56 and a 1 year high of $49.71. The company has a debt-to-equity ratio of 1.79, a current ratio of 18.57 and a quick ratio of 18.57. The stock has a market capitalization of $2.36 billion, a PE ratio of 56.33, a P/E/G ratio of 1.34 and a beta of 1.67. The company’s 50 day simple moving average is $33.18 and its two-hundred day simple moving average is $31.87.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth $38,000. CoreCap Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth $26,000. RFP Financial Group LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $48,000. Finally, Castleview Partners LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $59,000. Institutional investors own 82.81% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

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Hannon Armstrong Sustainable Infrastructure Capital, Inc engages in the business of investing in climate solutions and the provision of capital to assets developed by companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. It focuses on generating attractive returns from a diversified portfolio of project company investments with long-term, predictable cash flows from proven technologies that reduce carbon emissions or increase resilience to climate change.