Oppenheimer Analysts Cut Earnings Estimates for Hannon Armstrong Sustnbl Infrstr Cap Inc (HASI)

Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) – Analysts at Oppenheimer cut their Q2 2019 earnings per share (EPS) estimates for Hannon Armstrong Sustnbl Infrstr Cap in a note issued to investors on Monday, May 13th. Oppenheimer analyst N. Kaye now expects that the real estate investment trust will earn $0.28 per share for the quarter, down from their prior forecast of $0.29. Oppenheimer also issued estimates for Hannon Armstrong Sustnbl Infrstr Cap’s Q4 2019 earnings at $0.32 EPS.

Several other equities research analysts have also recently commented on the stock. Cowen set a $30.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Tuesday, February 26th. B. Riley initiated coverage on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research report on Thursday, March 14th. They issued a “buy” rating and a $29.00 price objective on the stock. ValuEngine raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Roth Capital set a $30.00 price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $26.50.



HASI opened at $26.36 on Thursday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 22.15, a P/E/G ratio of 9.96 and a beta of 1.08. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $17.76 and a 12 month high of $27.87. The company has a current ratio of 29.45, a quick ratio of 29.45 and a debt-to-equity ratio of 1.48.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last posted its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $19.74 million for the quarter, compared to analysts’ expectations of $14.65 million. Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 39.53% and a return on equity of 9.61%.

A number of large investors have recently modified their holdings of the business. HighTower Advisors LLC bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth about $220,000. Dana Investment Advisors Inc. bought a new stake in Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth about $9,999,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Hannon Armstrong Sustnbl Infrstr Cap by 5.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 78,801 shares of the real estate investment trust’s stock worth $2,021,000 after buying an additional 3,954 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its position in Hannon Armstrong Sustnbl Infrstr Cap by 25.0% during the 1st quarter. Summit Partners Public Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock worth $8,974,000 after buying an additional 70,000 shares in the last quarter. Finally, Morgan Stanley lifted its position in Hannon Armstrong Sustnbl Infrstr Cap by 13.5% during the 1st quarter. Morgan Stanley now owns 562,655 shares of the real estate investment trust’s stock worth $14,426,000 after buying an additional 66,742 shares in the last quarter. 67.98% of the stock is currently owned by hedge funds and other institutional investors.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Nathaniel Rose sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $25.29, for a total transaction of $252,900.00. Following the sale, the executive vice president now directly owns 300,654 shares of the company’s stock, valued at approximately $7,603,539.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.73, for a total transaction of $123,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $640,250 over the last three months. Insiders own 3.60% 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 the use of solar generation, 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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Earnings History and Estimates for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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