Hannon Armstrong Sustnbl Infrstr Cap (HASI) Rating Reiterated by Cowen

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)‘s stock had its “buy” rating reiterated by investment analysts at Cowen in a research report issued to clients and investors on Friday. They presently have a $27.00 target price on the real estate investment trust’s stock. Cowen’s target price points to a potential upside of 17.14% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday. TheStreet raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a report on Wednesday, October 31st. B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a “buy” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. upped their target price on shares of Hannon Armstrong Sustnbl Infrstr Cap from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, ValuEngine raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.88.

NYSE HASI opened at $23.05 on Friday. Hannon Armstrong Sustnbl Infrstr Cap has a 12-month low of $17.33 and a 12-month high of $24.57. The company has a debt-to-equity ratio of 2.37, a quick ratio of 41.26 and a current ratio of 33.99. The company has a market capitalization of $1.23 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.86.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $22.84, for a total value of $456,800.00. Following the completion of the transaction, the executive vice president now owns 287,571 shares of the company’s stock, valued at approximately $6,568,121.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel K. Mcmahon sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $20.45, for a total transaction of $122,700.00. Following the completion of the transaction, the executive vice president now directly owns 307,571 shares of the company’s stock, valued at approximately $6,289,826.95. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in HASI. Principal Financial Group Inc. grew its stake in Hannon Armstrong Sustnbl Infrstr Cap by 10.2% in the 1st quarter. Principal Financial Group Inc. now owns 39,007 shares of the real estate investment trust’s stock worth $761,000 after buying an additional 3,626 shares in the last quarter. Royal Bank of Canada grew its stake in Hannon Armstrong Sustnbl Infrstr Cap by 8.5% in the 1st quarter. Royal Bank of Canada now owns 125,851 shares of the real estate investment trust’s stock worth $2,454,000 after buying an additional 9,892 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter worth approximately $251,000. Smithfield Trust Co. purchased a new position in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth approximately $110,000. Finally, Clean Yield Group grew its stake in Hannon Armstrong Sustnbl Infrstr Cap by 3.6% in the 2nd quarter. Clean Yield Group now owns 205,771 shares of the real estate investment trust’s stock worth $4,063,000 after buying an additional 7,140 shares in the last quarter. 68.13% of the stock is owned by institutional investors and hedge funds.

About Hannon Armstrong Sustnbl Infrstr Cap

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 energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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Analyst Recommendations for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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