Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a real estate investment trust. The Company provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company serves federal, state and local governments, commercial, utility, and industrial markets. Hannon Armstrong Sustainable Infrastructure Capital, Inc. is based in Annapolis, Maryland. “

A number of other research firms have also recently issued reports on HASI. Morgan Stanley reissued an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, July 11th. BidaskClub cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company set a $28.00 target price on Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Oppenheimer Holdings, Inc. boosted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Buy” and a consensus price target of $25.50.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (HASI) traded down $0.36 during trading on Monday, hitting $23.66. The company had a trading volume of 287,311 shares, compared to its average volume of 300,119. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.98. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $18.02 and a twelve month high of $25.28. The firm has a market capitalization of $1,274.67, a PE ratio of 22.04, a PEG ratio of 1.75 and a beta of 0.95.

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In other news, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $23.85, for a total transaction of $143,100.00. Following the completion of the transaction, the executive vice president now directly owns 297,506 shares of the company’s stock, valued at $7,095,518.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $24.11, for a total value of $120,550.00. Following the transaction, the executive vice president now directly owns 263,167 shares of the company’s stock, valued at $6,344,956.37. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.3% during the second quarter. BlackRock Inc. now owns 4,696,471 shares of the real estate investment trust’s stock worth $107,408,000 after buying an additional 319,171 shares during the period. Vanguard Group Inc. boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,051,043 shares of the real estate investment trust’s stock worth $46,907,000 after buying an additional 76,106 shares during the period. GCA Investment Management LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the second quarter. GCA Investment Management LLC now owns 967,085 shares of the real estate investment trust’s stock worth $22,117,000 after buying an additional 8,925 shares during the period. State Street Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.4% during the second quarter. State Street Corp now owns 940,049 shares of the real estate investment trust’s stock worth $21,494,000 after buying an additional 132,368 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 6.8% during the second quarter. Van ECK Associates Corp now owns 823,895 shares of the real estate investment trust’s stock worth $18,842,000 after buying an additional 52,519 shares during the period. 70.31% of the stock is owned by institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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