Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Earns Buy Rating from Analysts at Bank of America

Research analysts at Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Bank of America‘s target price would indicate a potential upside of 31.88% from the company’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Financial Group began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 price target on the stock. Morgan Stanley upped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Citigroup lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has an average rating of “Moderate Buy” and an average target price of $40.58.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $30.33 on Monday. The company has a 50 day moving average of $32.93 and a 200 day moving average of $32.13. 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 twelve month low of $21.77 and a twelve month high of $36.56. The firm has a market cap of $3.59 billion, a P/E ratio of 17.10, a PEG ratio of 1.09 and a beta of 1.98.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now 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 legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently bought and sold shares of HASI. Macroview Investment Management LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the second quarter valued at approximately $31,000. Plato Investment Management Ltd bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 1st quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $60,000. Point72 Hong Kong Ltd bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth $69,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at $73,000. 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.