JPMorgan Chase & Co. Lowers Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $39.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target reduced by JPMorgan Chase & Co. from $42.00 to $39.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 target price for the company. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. The Goldman Sachs Group lowered their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Finally, StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $27.26 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. The company has a market capitalization of $3.23 billion, a PE ratio of 15.31, a P/E/G ratio of 1.00 and a beta of 1.94. The company has a 50 day moving average price of $28.48 and a 200-day moving average price of $31.26. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $22.59 and a fifty-two week high of $36.56.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is presently 93.26%.

Insider Buying and Selling

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 237,938 shares of the real estate investment trust’s stock worth $7,043,000 after purchasing an additional 9,051 shares during the period. Dimensional Fund Advisors LP grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 81.3% during the second quarter. Dimensional Fund Advisors LP now owns 83,561 shares of the real estate investment trust’s stock valued at $2,473,000 after buying an additional 37,465 shares during the period. Hsbc Holdings PLC increased its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 4.3% in the second quarter. Hsbc Holdings PLC now owns 57,969 shares of the real estate investment trust’s stock valued at $1,714,000 after buying an additional 2,387 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,495 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 837 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 10.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 13,686 shares of the real estate investment trust’s stock worth $405,000 after acquiring an additional 1,243 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.