Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Shares Down 9.6% – Time to Sell?

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) shares fell 9.6% during mid-day trading on Wednesday . The stock traded as low as $31.33 and last traded at $31.91. 320,003 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,022,094 shares. The stock had previously closed at $35.28.

Analyst Ratings Changes

Several research firms have weighed in on HASI. Mizuho boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Wednesday, September 4th. They set a “buy” rating and a $39.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Morgan Stanley boosted their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

The firm has a 50-day moving average of $34.14 and a 200-day moving average of $31.90. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. The firm has a market capitalization of $3.75 billion, a P/E ratio of 14.50, a PEG ratio of 1.28 and a beta of 1.98.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swedbank AB raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Swedbank AB now owns 4,020,665 shares of the real estate investment trust’s stock valued at $119,012,000 after purchasing an additional 257,233 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust’s stock valued at $51,161,000 after buying an additional 267,304 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust’s stock valued at $46,296,000 after buying an additional 11,632 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 26.7% in the 2nd quarter. Hood River Capital Management LLC now owns 988,135 shares of the real estate investment trust’s stock worth $29,249,000 after buying an additional 208,303 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 38.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 837,163 shares of the real estate investment trust’s stock worth $23,775,000 after acquiring an additional 232,351 shares during the period. 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.