Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Earns Buy Rating from Analysts at Truist Financial

Research analysts at Truist Financial initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Truist Financial’s price objective would suggest a potential upside of 44.36% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.3 %

Shares of HASI stock opened at $27.71 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $22.60 and a 52-week high of $36.56. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.05 and a beta of 1.95. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The firm has a fifty day moving average of $28.28 and a 200-day moving average of $31.04.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn acquired 3,500 shares of the stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Erste Asset Management GmbH bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $73,622,000. Bank of New York Mellon Corp grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,208,894 shares of the real estate investment trust’s stock valued at $59,265,000 after buying an additional 602,456 shares in the last quarter. Wellington Management Group LLP boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust’s stock worth $455,216,000 after purchasing an additional 491,585 shares during the period. Rockefeller Capital Management L.P. boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 68.6% during the third quarter. Rockefeller Capital Management L.P. now owns 913,476 shares of the real estate investment trust’s stock worth $31,487,000 after purchasing an additional 371,593 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth $5,616,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

About Hannon Armstrong Sustainable Infrastructure Capital

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.