Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Cut to “Sell” at StockNews.com

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts have also issued reports on the company. The Goldman Sachs Group increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Citigroup increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of NYSE:HASI traded up $0.58 during trading on Monday, hitting $29.18. 1,972,419 shares of the company traded hands, compared to its average volume of 1,060,475. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.07 and a beta of 1.98. The business’s fifty day moving average is $33.99 and its 200-day moving average is $32.04. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $18.72 and a one year high of $36.56. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 1.77.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds have recently modified their holdings of HASI. Janney Montgomery Scott LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 77.5% in the first quarter. Janney Montgomery Scott LLC now owns 52,828 shares of the real estate investment trust’s stock valued at $1,500,000 after purchasing an additional 23,063 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 97,124 shares of the real estate investment trust’s stock valued at $2,758,000 after purchasing an additional 1,270 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 23.5% in the first quarter. SG Americas Securities LLC now owns 6,558 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 1,250 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% in the first quarter. Swiss National Bank now owns 219,434 shares of the real estate investment trust’s stock valued at $6,232,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% in the first quarter. Russell Investments Group Ltd. now owns 406,734 shares of the real estate investment trust’s stock valued at $11,551,000 after purchasing an additional 19,758 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.