Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated at Truist Financial

Equities research analysts at Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 41.79% from the stock’s previous close.

Several other research firms also recently weighed in on HASI. JPMorgan Chase & Co. dropped 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 research report on Thursday, January 23rd. Bank of America initiated coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. The Goldman Sachs Group lowered their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. 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 research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.21 on Thursday. The firm’s 50 day simple moving average is $28.22 and its 200-day simple moving average is $31.03. The company has a market cap of $3.34 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.95. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $23.14 and a fifty-two week high of $36.56.

Insider Buying and Selling at Hannon Armstrong Sustainable Infrastructure Capital

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

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Natural Investments LLC acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the fourth quarter worth $6,351,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 105.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,722 shares of the real estate investment trust’s stock worth $1,978,000 after buying an additional 37,885 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,625 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 946 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at $4,623,000. Finally, Arizona State Retirement System raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 3.2% during the 4th quarter. Arizona State Retirement System now owns 33,882 shares of the real estate investment trust’s stock valued at $909,000 after purchasing an additional 1,046 shares during the last quarter. 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.