Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Shares Gap Up – Should You Buy?

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)’s share price gapped up before the market opened on Friday . The stock had previously closed at $27.93, but opened at $30.86. Hannon Armstrong Sustainable Infrastructure Capital shares last traded at $29.25, with a volume of 439,499 shares trading hands.

Analyst Ratings Changes

HASI has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their target price 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. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Bank of America started 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 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

The company has a market cap of $3.39 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.06 and a beta of 1.95. The business has a 50 day moving average of $27.99 and a 200 day moving average of $30.90. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.02). Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 11.53% and a net margin of 59.56%. As a group, research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HASI. Hood River Capital Management LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.7% during the fourth quarter. Hood River Capital Management LLC now owns 1,603,857 shares of the real estate investment trust’s stock valued at $43,031,000 after buying an additional 101,016 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 94.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,594 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 3,696 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 68,585 shares of the real estate investment trust’s stock valued at $1,840,000 after purchasing an additional 3,738 shares in the last quarter. First Trust Advisors LP increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 14.3% in the fourth quarter. First Trust Advisors LP now owns 582,051 shares of the real estate investment trust’s stock worth $15,616,000 after purchasing an additional 73,031 shares during the last quarter. Finally, Freedom Investment Management Inc. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% in the fourth quarter. Freedom Investment Management Inc. now owns 21,628 shares of the real estate investment trust’s stock worth $580,000 after purchasing an additional 3,344 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.