JPMorgan Chase & Co. Cuts Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $39.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target lowered by JPMorgan Chase & Co. from $42.00 to $39.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

HASI has been the topic of several other reports. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. The Goldman Sachs Group decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Robert W. Baird raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 27th. 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 for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Moderate Buy” and an average price target of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 2.2 %

Shares of NYSE HASI opened at $27.26 on Thursday. The firm’s 50 day moving average price is $28.48 and its 200-day moving average price is $31.26. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $22.59 and a 52-week high of $36.56. 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 company has a market cap of $3.23 billion, a PE ratio of 15.31, a P/E/G ratio of 1.00 and a beta of 1.94.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the purchase, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after purchasing an additional 89,126 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth approximately $2,451,000. Harbor Capital Advisors Inc. raised its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after acquiring an additional 21,446 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after acquiring an additional 27,529 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the third quarter valued at $548,000. 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.