Zacks Investment Research upgraded shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) from a sell rating to a hold rating in a research report report published on Tuesday morning.

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. “

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Hannon Armstrong Sustnbl Infrstr Cap from a hold rating to a sell rating in a report on Friday, May 4th. JPMorgan Chase & Co. assumed coverage on Hannon Armstrong Sustnbl Infrstr Cap in a report on Thursday, June 14th. They set an overweight rating and a $23.00 price objective on the stock. Finally, B. Riley set a $26.00 price objective on Hannon Armstrong Sustnbl Infrstr Cap and gave the company a buy rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $25.71.

Shares of HASI stock opened at $20.96 on Tuesday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $17.33 and a fifty-two week high of $25.28. The company has a debt-to-equity ratio of 2.24, a quick ratio of 41.26 and a current ratio of 41.26.

In other news, insider Jeffrey Eckel acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were bought at an average price of $17.90 per share, with a total value of $35,800.00. Following the acquisition, the insider now directly owns 877,520 shares in the company, valued at approximately $15,707,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel K. Mcmahon sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $20.45, for a total value of $122,700.00. Following the transaction, the executive vice president now directly owns 307,571 shares of the company’s stock, valued at $6,289,826.95. The disclosure for this sale can be found here. In the last three months, insiders have purchased 20,805 shares of company stock worth $380,388. 5.30% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth $101,000. Smithfield Trust Co. bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the 2nd quarter worth $110,000. Point72 Asia Hong Kong Ltd bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth $149,000. Jane Street Group LLC bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the 2nd quarter worth $199,000. Finally, BSW Wealth Partners bought a new position in Hannon Armstrong Sustnbl Infrstr Cap during the 2nd quarter worth $213,000. 70.16% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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