Zacks Investment Research Upgrades Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) to Buy

Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) from a sell rating to a buy rating in a research note released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $32.00 price target on the real estate investment trust’s stock.

According to Zacks, “Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a real estate investment trust. The Company provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company serves federal, state and local governments, commercial, utility, and industrial markets. Hannon Armstrong Sustainable Infrastructure Capital, Inc. is based in Annapolis, Maryland. “

A number of other research firms also recently commented on HASI. B. Riley restated a buy rating and set a $3.50 price objective on shares of Plug Power in a report on Thursday, March 14th. Roth Capital set a $24.00 target price on Lydall and gave the stock a hold rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $27.00.



Shares of HASI opened at $28.05 on Wednesday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 10.76 and a beta of 1.04. The company has a fifty day moving average of $27.19. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $18.83 and a fifty-two week high of $28.67. The company has a debt-to-equity ratio of 1.48, a quick ratio of 29.45 and a current ratio of 29.45.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 5th were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Wednesday, July 3rd. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is currently 112.61%.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Nathaniel Rose sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $26.37, for a total transaction of $263,700.00. Following the completion of the sale, the executive vice president now directly owns 290,654 shares in the company, valued at $7,664,545.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $26.00, for a total transaction of $130,000.00. Following the sale, the executive vice president now owns 238,233 shares of the company’s stock, valued at $6,194,058. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new stake in Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter valued at $25,000. Glassman Wealth Services boosted its position in shares of Hannon Armstrong Sustnbl Infrstr Cap by 129.9% in the first quarter. Glassman Wealth Services now owns 1,129 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 638 shares during the period. Advisory Alpha LLC purchased a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the first quarter worth about $37,000. Private Capital Group LLC acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the first quarter valued at about $54,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Hannon Armstrong Sustnbl Infrstr Cap in the fourth quarter valued at about $80,000. 71.48% of the stock is owned by institutional investors.

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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