JPMorgan Chase & Co. Increases Hannon Armstrong Sustnbl Infrstr Cap (HASI) Price Target to $24.00

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) had its price objective upped by JPMorgan Chase & Co. from $23.00 to $24.00 in a research note published on Friday, November 2nd, MarketBeat Ratings reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley boosted their price objective on shares of Hannon Armstrong Sustnbl Infrstr Cap from $21.00 to $22.00 and gave the stock an equal weight rating in a research note on Tuesday, September 11th. ValuEngine raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a sell rating to a hold rating in a research note on Saturday, September 1st. Zacks Investment Research lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a hold rating to a sell rating in a research note on Wednesday, August 8th. B. Riley set a $26.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the stock a buy rating in a report on Friday, August 3rd. Finally, TheStreet raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a c rating to a b rating in a report on Wednesday, October 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Hannon Armstrong Sustnbl Infrstr Cap presently has a consensus rating of Buy and an average price target of $24.88.

NYSE:HASI traded down $0.03 during mid-day trading on Friday, hitting $23.02. 298,664 shares of the company’s stock were exchanged, compared to its average volume of 463,553. Hannon Armstrong Sustnbl Infrstr Cap has a one year low of $17.33 and a one year high of $24.57. The company has a debt-to-equity ratio of 2.37, a current ratio of 33.99 and a quick ratio of 41.26. The firm has a market capitalization of $1.24 billion, a P/E ratio of 21.92, a PEG ratio of 3.15 and a beta of 0.86.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Wednesday, October 3rd were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, October 2nd. This represents a $1.32 annualized dividend and a dividend yield of 5.73%. Hannon Armstrong Sustnbl Infrstr Cap’s payout ratio is 125.71%.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Daniel K. Mcmahon sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $20.45, for a total transaction of $122,700.00. Following the completion of the sale, the executive vice president now directly owns 307,571 shares of the company’s stock, valued at $6,289,826.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel K. Mcmahon sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $22.84, for a total transaction of $456,800.00. Following the sale, the executive vice president now directly owns 287,571 shares of the company’s stock, valued at $6,568,121.64. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Smithfield Trust Co. bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth approximately $110,000. Jane Street Group LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth approximately $199,000. CIBC World Markets Inc. bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth approximately $208,000. BSW Wealth Partners bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth approximately $213,000. Finally, Aperio Group LLC bought a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth approximately $238,000. 68.13% of the stock is owned by institutional investors and hedge funds.

About Hannon Armstrong Sustnbl Infrstr Cap

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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Analyst Recommendations for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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