Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Coverage Initiated by Analysts at Truist Financial

Analysts at Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $40.00 price target on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 41.79% from the company’s current price.

HASI has been the topic of several other research reports. 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. 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 on the stock in a report on Tuesday, December 17th. Citigroup raised shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a “buy” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

NYSE:HASI opened at $28.21 on Thursday. The stock has a market cap of $3.34 billion, a P/E ratio of 15.85, a PEG ratio of 1.05 and a beta of 1.95. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $23.14 and a one year high of $36.56. The company has a fifty day moving average price of $28.22 and a 200 day moving average price of $31.03. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn purchased 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HASI. Legend Financial Advisors Inc. acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $27,000. Blue Trust Inc. lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the 4th quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 394 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 46.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 439 shares in the last quarter. Roxbury Financial LLC acquired a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter worth about $39,000. Finally, Allworth Financial LP lifted its position in Hannon Armstrong Sustainable Infrastructure Capital by 1,267.2% during the 4th quarter. Allworth Financial LP now owns 1,709 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,584 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

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.