Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a hold rating to a sell rating in a research report released on Monday.

A number of other equities research analysts have also issued reports on HASI. Royal Bank of Canada assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 target price on the stock. Robert W. Baird increased their target price on shares of 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. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. Morgan Stanley raised their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hannon Armstrong Sustainable Infrastructure Capital has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Hannon Armstrong Sustainable Infrastructure Capital Price Performance

Shares of NYSE HASI opened at $27.54 on Monday. The company has a fifty day moving average price of $33.77 and a 200 day moving average price of $32.02. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56. The firm has a market cap of $3.27 billion, a PE ratio of 15.47, a PEG ratio of 1.00 and a beta of 1.98. The company has a current ratio of 13.55, a quick ratio of 13.27 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 93.26%.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn acquired 3,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $28.71 per share, with a total value of $100,485.00. Following the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 77.5% in the 1st 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 during the period. Texas Permanent School Fund Corp increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 97,124 shares of the real estate investment trust’s stock worth $2,758,000 after acquiring an additional 1,270 shares during the period. SG Americas Securities LLC raised its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 23.5% in the 1st quarter. SG Americas Securities LLC now owns 6,558 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 1,250 shares in the last quarter. Swiss National Bank lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.8% during the 1st quarter. Swiss National Bank now owns 219,434 shares of the real estate investment trust’s stock valued at $6,232,000 after acquiring an additional 8,000 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.1% during the 1st quarter. Russell Investments Group Ltd. now owns 406,734 shares of the real estate investment trust’s stock worth $11,551,000 after purchasing an additional 19,758 shares in the last quarter. Institutional investors 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.