Hannon Armstrong (HASI) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Hannon Armstrong (NYSE:HASI) from a hold rating to a strong sell rating in a research note published on Friday morning.

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. “

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Other equities research analysts also recently issued research reports about the company. B. Riley set a $27.00 price target on Hannon Armstrong and gave the stock a buy rating in a report on Thursday, December 28th. Robert W. Baird reiterated an outperform rating and set a $26.00 price target (down previously from $30.00) on shares of Hannon Armstrong in a report on Thursday, February 22nd. Cowen set a $28.00 price target on Hannon Armstrong and gave the stock a buy rating in a report on Thursday, February 22nd. Finally, UBS began coverage on Hannon Armstrong in a report on Thursday, March 15th. They set a buy rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Hannon Armstrong has a consensus rating of Buy and an average price target of $26.25.

Shares of NYSE HASI traded down $0.13 during midday trading on Friday, hitting $19.12. 245,462 shares of the stock traded hands, compared to its average volume of 331,419. The company has a market cap of $1,026.96, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.56 and a beta of 0.85. Hannon Armstrong has a one year low of $17.33 and a one year high of $25.28. The company has a quick ratio of 40.96, a current ratio of 40.96 and a debt-to-equity ratio of 2.22.

Hannon Armstrong (NYSE:HASI) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Hannon Armstrong had a return on equity of 8.84% and a net margin of 29.23%. The company had revenue of $8.35 million for the quarter, compared to the consensus estimate of $9.86 million. equities research analysts anticipate that Hannon Armstrong will post 1.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, April 4th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 6.90%. Hannon Armstrong’s dividend payout ratio (DPR) is presently 125.71%.

In other Hannon Armstrong news, insider Jeffrey Eckel acquired 15,000 shares of Hannon Armstrong stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $18.94 per share, for a total transaction of $284,100.00. Following the purchase, the insider now directly owns 707,618 shares of the company’s stock, valued at $13,402,284.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.40% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Colorado Capital Management Inc. grew its stake in Hannon Armstrong by 3.7% in the 4th quarter. Colorado Capital Management Inc. now owns 64,368 shares of the real estate investment trust’s stock valued at $1,548,000 after purchasing an additional 2,278 shares during the period. American International Group Inc. grew its stake in Hannon Armstrong by 8.1% in the 3rd quarter. American International Group Inc. now owns 33,135 shares of the real estate investment trust’s stock valued at $807,000 after purchasing an additional 2,477 shares during the period. Bank of New York Mellon Corp grew its stake in Hannon Armstrong by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 241,431 shares of the real estate investment trust’s stock valued at $5,808,000 after purchasing an additional 2,653 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Hannon Armstrong by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 65,364 shares of the real estate investment trust’s stock valued at $1,593,000 after buying an additional 2,763 shares during the last quarter. Finally, BB&T Securities LLC lifted its position in shares of Hannon Armstrong by 4.0% during the 4th quarter. BB&T Securities LLC now owns 82,151 shares of the real estate investment trust’s stock valued at $1,976,000 after buying an additional 3,195 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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Hannon Armstrong Company Profile

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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