Mizuho Initiates Coverage on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Equities research analysts at Mizuho began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a note issued to investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $30.00 price target on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 23.76% from the company’s current price.

A number of other research firms have also commented on HASI. Bank of America upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, August 15th. BNP Paribas assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, October 20th. They set an “outperform” rating and a $29.00 price objective for the company. TheStreet downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “c-” rating to a “d+” rating in a research note on Wednesday, November 1st. Robert W. Baird dropped their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $44.00 to $28.00 in a research report on Tuesday, October 10th. Finally, Citigroup began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, August 17th. They set a “neutral” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.78.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 3.9 %

Shares of HASI opened at $24.24 on Tuesday. The company has a current ratio of 19.73, a quick ratio of 19.73 and a debt-to-equity ratio of 1.74. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $13.22 and a 12 month high of $39.67. The firm’s 50 day moving average is $19.86 and its 200-day moving average is $22.97. The stock has a market capitalization of $2.70 billion, a PE ratio of 63.79, a P/E/G ratio of 1.10 and a beta of 1.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Amalgamated Bank boosted its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.6% during the 4th quarter. Amalgamated Bank now owns 11,481 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 290 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.4% during the fourth quarter. Legal & General Group Plc now owns 75,281 shares of the real estate investment trust’s stock worth $2,182,000 after purchasing an additional 304 shares during the period. Creative Planning grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.2% in the fourth quarter. Creative Planning now owns 12,886 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 394 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.9% in the first quarter. Los Angeles Capital Management LLC now owns 9,562 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 446 shares during the period. Finally, Prudential Financial Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 7.1% during the 2nd quarter. Prudential Financial Inc. now owns 6,738 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 446 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

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 building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.