Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Rating Increased to Buy at BidaskClub

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, August 8th.

A number of other equities research analysts have also weighed in on HASI. Zacks Investment Research lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Roth Capital set a $25.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Cowen and Company restated an “outperform” rating and issued a $28.00 price objective (up from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, June 22nd. FBR & Co reiterated a “buy” rating and set a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Friday, June 30th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $25.44.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded down 0.34% during midday trading on Tuesday, hitting $23.15. The stock had a trading volume of 211,278 shares. The firm has a 50-day moving average price of $23.12 and a 200-day moving average price of $21.46. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $18.02 and a 1-year high of $25.21. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 41.94 and a beta of 0.96.

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In other news, EVP Nathaniel Rose sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $23.85, for a total transaction of $143,100.00. Following the sale, the executive vice president now owns 297,506 shares of the company’s stock, valued at approximately $7,095,518.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Eckel purchased 2,725 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were bought at an average cost of $22.51 per share, for a total transaction of $61,339.75. Following the acquisition, the insider now owns 835,826 shares in the company, valued at $18,814,443.26. The disclosure for this purchase can be found here. Corporate insiders own 7.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.5% in the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 350 shares during the period. ProShare Advisors LLC acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at $103,000. US Bancorp DE boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.0% in the first quarter. US Bancorp DE now owns 5,398 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 400 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2,784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 5,151 shares during the period. Finally, Creative Planning boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 83.0% in the second quarter. Creative Planning now owns 6,496 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 2,946 shares during the period. Hedge funds and other institutional investors own 69.28% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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