Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded at Citigroup

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat reports. The brokerage currently has a $36.00 price objective on the real estate investment trust’s stock. Citigroup’s target price would suggest a potential upside of 30.39% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price target for the company. The Goldman Sachs Group decreased their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Robert W. Baird raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 0.9 %

HASI stock opened at $27.61 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. The stock has a market capitalization of $3.27 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.21 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $21.77 and a fifty-two week high of $36.56. The business has a 50-day moving average of $29.48 and a 200-day moving average of $31.45.

Insiders Place Their Bets

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. The trade was a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several institutional investors and hedge funds have recently made changes to their positions in HASI. Legend Financial Advisors Inc. bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $27,000. JPMorgan Chase & Co. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% during the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after buying an additional 89,126 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.1% in the third quarter. Franklin Resources Inc. now owns 379,832 shares of the real estate investment trust’s stock valued at $13,298,000 after acquiring an additional 11,254 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at about $73,000. Finally, Geode Capital Management LLC increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust’s stock worth $90,912,000 after acquiring an additional 53,799 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.