Hannon Armstrong Sustnbl Infrstr Cap (HASI) Given a $26.00 Price Target at B. Riley

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) received a $26.00 price target from equities researchers at B. Riley in a report issued on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price indicates a potential upside of 18.78% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Hannon Armstrong Sustnbl Infrstr Cap from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday. TheStreet upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a research report on Wednesday. Morgan Stanley lifted their price target on Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 11th. ValuEngine upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Finally, Zacks Investment Research upgraded Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.00.

Shares of HASI traded up $1.04 during trading hours on Friday, reaching $21.89. 705,416 shares of the company’s stock traded hands, compared to its average volume of 383,411. The company has a market cap of $1.18 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.86. The company has a current ratio of 41.26, a quick ratio of 41.26 and a debt-to-equity ratio of 2.24. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $17.33 and a 12 month high of $24.57.

In related news, EVP Daniel K. Mcmahon sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $20.45, for a total value of $122,700.00. Following the completion of the sale, the executive vice president now owns 307,571 shares in the company, valued at approximately $6,289,826.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co. bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth approximately $110,000. Jane Street Group LLC bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth approximately $199,000. BSW Wealth Partners bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth approximately $213,000. Aperio Group LLC bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 2nd quarter worth approximately $238,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter worth approximately $251,000. Institutional investors own 68.07% 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.

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