Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Lowered to $39.00 at JPMorgan Chase & Co.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price objective lowered by JPMorgan Chase & Co. from $42.00 to $39.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on HASI. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a report on Friday, September 27th. Robert W. Baird raised their target price 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. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, January 8th. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.5 %

NYSE HASI opened at $26.63 on Thursday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.02 and a beta of 1.94. The business has a 50 day moving average price of $28.49 and a 200-day moving average price of $31.29. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $22.59 and a 52 week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 93.26%.

Insider Buying and Selling

In other news, CFO Marc T. Pangburn acquired 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares in the company, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. First Affirmative Financial Network lifted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the third quarter. First Affirmative Financial Network now owns 8,129 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 384 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the 2nd quarter. AQR Capital Management LLC now owns 24,262 shares of the real estate investment trust’s stock valued at $718,000 after buying an additional 392 shares in the last quarter. Blue Trust Inc. boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares during the period. Harrington Investments INC grew its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.1% in the 3rd quarter. Harrington Investments INC now owns 12,824 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 500 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 31.1% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 530 shares during the period. Hedge funds and other institutional investors 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.