Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI) Given Consensus Rating of “Buy” by Brokerages

Shares of Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) have been given a consensus rating of “Buy” by the eleven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.14.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. ValuEngine cut Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. UBS assumed coverage on Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, March 15th. They issued a “buy” rating and a $21.00 price objective for the company. Cowen set a $28.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $26.00 price objective (down previously from $30.00) on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, February 22nd.

Hannon Armstrong Sustnbl Infrstr Cap traded down $0.13, hitting $18.46, during trading hours on Thursday, according to MarketBeat. 202,373 shares of the company’s stock were exchanged, compared to its average volume of 387,213. Hannon Armstrong Sustnbl Infrstr Cap has a 1-year low of $17.33 and a 1-year high of $25.28. The stock has a market capitalization of $989.95 million, a P/E ratio of 17.58, a P/E/G ratio of 2.58 and a beta of 0.85. The company has a debt-to-equity ratio of 2.28, a current ratio of 38.94 and a quick ratio of 38.94.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 20.45% and a return on equity of 8.40%. The firm had revenue of $8.35 million during the quarter, compared to analyst estimates of $9.86 million. equities analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will post 1.11 earnings per share for the current year.

In related news, insider Jeffrey Eckel bought 1,630 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were bought at an average price of $18.95 per share, for a total transaction of $30,888.50. Following the completion of the acquisition, the insider now directly owns 877,270 shares of the company’s stock, valued at $16,624,266.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 18,880 shares of company stock worth $356,884 in the last 90 days. Corporate insiders own 5.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the first quarter valued at approximately $101,000. C M Bidwell & Associates Ltd. bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the fourth quarter valued at approximately $149,000. AllSquare Wealth Management LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the fourth quarter valued at approximately $171,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the first quarter valued at approximately $149,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the first quarter valued at approximately $251,000. Institutional investors own 70.86% of the company’s stock.

About Hannon Armstrong Sustnbl Infrstr Cap

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

Analyst Recommendations for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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