Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)‘s stock had its “buy” rating restated by Oppenheimer Holdings, Inc. in a research note issued on Tuesday, August 8th.
A number of other research analysts have also recently issued reports on the company. BidaskClub upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley reiterated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. FBR & Co reiterated a “buy” rating and issued a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 target price (up previously from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, June 22nd. Finally, Zacks Investment Research cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.44.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) traded down 0.34% during midday trading on Tuesday, hitting $23.15. 211,278 shares of the stock traded hands. The stock has a market capitalization of $1.20 billion, a PE ratio of 41.94 and a beta of 0.96. The firm’s 50 day moving average is $23.12 and its 200-day moving average is $21.43. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $18.02 and a 12-month high of $25.21.
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In related news, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $23.85, for a total value of $143,100.00. Following the sale, the executive vice president now directly owns 297,506 shares in the company, valued at $7,095,518.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Eckel bought 2,725 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Wednesday, June 7th. The stock was bought at an average price of $22.51 per share, for a total transaction of $61,339.75. Following the completion of the acquisition, the insider now directly owns 835,826 shares of the company’s stock, valued at $18,814,443.26. The disclosure for this purchase can be found here. Insiders own 7.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.3% in the second quarter. BlackRock Inc. now owns 4,696,471 shares of the real estate investment trust’s stock valued at $107,408,000 after buying an additional 319,171 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,051,043 shares of the real estate investment trust’s stock valued at $46,907,000 after buying an additional 76,106 shares during the period. Neumeier Poma Investment Counsel LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 12.2% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,850,355 shares of the real estate investment trust’s stock valued at $37,377,000 after buying an additional 201,620 shares during the period. UBS Group AG raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 29.0% in the first quarter. UBS Group AG now owns 1,356,323 shares of the real estate investment trust’s stock valued at $27,398,000 after buying an additional 304,688 shares during the period. Finally, GCA Investment Management LLC raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the second quarter. GCA Investment Management LLC now owns 967,085 shares of the real estate investment trust’s stock valued at $22,117,000 after buying an additional 8,925 shares during the period. Institutional investors and hedge funds own 69.28% of the company’s stock.
About Hannon Armstrong Sustainable Infrastructure Capital
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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