Hannon Armstrong Sustnbl Infrstr Cap (HASI) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) from a sell rating to a hold rating in a report issued on Wednesday, January 3rd.

According to Zacks, “Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a real estate investment trust. The Company provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company serves federal, state and local governments, commercial, utility, and industrial markets. Hannon Armstrong Sustainable Infrastructure Capital, Inc. is based in Annapolis, Maryland. “

A number of other equities research analysts also recently weighed in on HASI. BidaskClub upgraded Hannon Armstrong Sustnbl Infrstr Cap from a hold rating to a buy rating in a report on Monday, September 18th. Cowen restated a buy rating and set a $28.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, September 28th. Oppenheimer boosted their price objective on Hannon Armstrong Sustnbl Infrstr Cap from $26.00 to $28.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. Roth Capital set a $28.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a buy rating in a research report on Saturday, November 25th. Finally, B. Riley set a $27.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a buy rating in a research report on Friday, December 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $26.00.

Shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE HASI) traded up $0.72 during midday trading on Wednesday, hitting $23.00. The stock had a trading volume of 424,600 shares, compared to its average volume of 367,788. Hannon Armstrong Sustnbl Infrstr Cap has a 1-year low of $18.02 and a 1-year high of $25.28. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 2.13. The company has a market cap of $1,190.00, a P/E ratio of 37.70, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Tuesday, December 26th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.32 annualized dividend and a dividend yield of 5.74%. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is 216.39%.

In other news, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $23.51, for a total transaction of $117,550.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nathaniel Rose sold 8,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.58, for a total value of $188,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,063 shares of company stock valued at $571,259. Insiders own 5.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. raised its position in Hannon Armstrong Sustnbl Infrstr Cap by 8.5% during the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 350 shares during the period. BNP Paribas Arbitrage SA raised its position in Hannon Armstrong Sustnbl Infrstr Cap by 2,784.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 5,151 shares during the period. Aperio Group LLC acquired a new position in Hannon Armstrong Sustnbl Infrstr Cap during the second quarter valued at $208,000. Fiduciary Trust Co. acquired a new position in Hannon Armstrong Sustnbl Infrstr Cap during the second quarter valued at $209,000. Finally, Stifel Financial Corp acquired a new position in Hannon Armstrong Sustnbl Infrstr Cap during the third quarter valued at $222,000. 71.23% of the stock is currently owned by institutional investors.

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About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

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