Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) PT Raised to $29.00

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) had its target price hoisted by research analysts at UBS Group from $27.00 to $29.00 in a research note issued on Friday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target would suggest a potential downside of 0.85% from the stock’s current price.

HASI has been the topic of several other research reports. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a research note on Thursday. ValuEngine lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $29.50.

HASI traded down $0.13 on Friday, hitting $29.25. 464,408 shares of the company’s stock were exchanged, compared to its average volume of 358,377. The firm has a market cap of $1.94 billion, a PE ratio of 24.58, a P/E/G ratio of 9.11 and a beta of 1.02. Hannon Armstrong Sustnbl Infrstr Cap has a twelve month low of $18.83 and a twelve month high of $31.22. The stock has a fifty day moving average of $29.10 and a two-hundred day moving average of $27.75. The company has a current ratio of 29.13, a quick ratio of 23.23 and a debt-to-equity ratio of 1.54.

In related news, EVP Steven Chuslo sold 11,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.27, for a total transaction of $299,970.00. Following the sale, the executive vice president now owns 303,404 shares in the company, valued at $8,273,827.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 5.2% in the second quarter. HighTower Advisors LLC now owns 9,079 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 448 shares during the period. Strs Ohio increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 3.1% during the second quarter. Strs Ohio now owns 16,400 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 500 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,037 shares of the real estate investment trust’s stock valued at $1,495,000 after acquiring an additional 562 shares during the period. Creative Planning increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 6.5% during the third quarter. Creative Planning now owns 9,813 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 600 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 1.2% during the second quarter. Oppenheimer & Co. Inc. now owns 66,506 shares of the real estate investment trust’s stock valued at $1,874,000 after acquiring an additional 781 shares during the period. Institutional investors own 73.00% of the company’s stock.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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 the use of solar generation, 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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