Hannon Armstrong Sustnbl Infrstr Cap (HASI) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday.

A number of other brokerages have also commented on HASI. JPMorgan Chase & Co. initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, June 14th. They issued an overweight rating and a $23.00 price target on the stock. Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap from a sell rating to a hold rating in a research note on Thursday, May 10th. Finally, UBS Group initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Thursday, March 15th. They issued a buy rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Hannon Armstrong Sustnbl Infrstr Cap currently has a consensus rating of Buy and an average price target of $25.89.

Shares of Hannon Armstrong Sustnbl Infrstr Cap opened at $19.62 on Tuesday, according to MarketBeat.com. Hannon Armstrong Sustnbl Infrstr Cap has a 52 week low of $17.33 and a 52 week high of $25.28. The stock has a market capitalization of $1.02 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.67 and a beta of 0.83. The company has a current ratio of 38.94, a quick ratio of 38.94 and a debt-to-equity ratio of 2.28.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 20.45% and a return on equity of 8.40%. The company had revenue of $9.20 million during the quarter, compared to analyst estimates of $10.24 million. equities analysts expect that Hannon Armstrong Sustnbl Infrstr Cap will post 1.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Thursday, July 5th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, July 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.73%. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is presently 125.71%.

In other Hannon Armstrong Sustnbl Infrstr Cap news, insider Jeffrey Eckel bought 2,000 shares of the firm’s stock in a transaction on Thursday, June 7th. The shares were purchased at an average price of $17.90 per share, for a total transaction of $35,800.00. Following the transaction, the insider now directly owns 877,520 shares in the company, valued at approximately $15,707,608. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven G. Osgood bought 5,000 shares of the firm’s stock in a transaction on Monday, June 4th. The shares were acquired at an average price of $18.28 per share, for a total transaction of $91,400.00. Following the transaction, the director now owns 28,281 shares in the company, valued at $516,976.68. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 22,435 shares of company stock worth $411,277. Company insiders own 5.30% of the company’s stock.

Several large investors have recently made changes to their positions in HASI. Handelsbanken Fonder AB grew its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 130.1% during the 1st quarter. Handelsbanken Fonder AB now owns 944,483 shares of the real estate investment trust’s stock worth $18,417,000 after purchasing an additional 534,083 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 386.2% during the 4th quarter. Teachers Advisors LLC now owns 426,796 shares of the real estate investment trust’s stock worth $10,269,000 after acquiring an additional 339,010 shares in the last quarter. American Assets Capital Advisers LLC acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth approximately $6,068,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 4th quarter worth approximately $7,401,000. Finally, Van ECK Associates Corp boosted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 15.5% during the 1st quarter. Van ECK Associates Corp now owns 1,379,890 shares of the real estate investment trust’s stock worth $26,908,000 after acquiring an additional 184,817 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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