Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its price target decreased by JPMorgan Chase & Co. from $42.00 to $39.00 in a research note released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, January 8th. Baird R W raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. The Goldman Sachs Group reduced their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Finally, Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.5 %

NYSE:HASI opened at $26.63 on Thursday. The company has a market cap of $3.16 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.94. Hannon Armstrong Sustainable Infrastructure Capital has a twelve month low of $22.59 and a twelve month high of $36.56. The business has a 50 day moving average price of $28.49 and a two-hundred day moving average price of $31.29. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 annualized dividend and a yield of 6.23%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the purchase, the chief financial officer now directly owns 56,791 shares of the company’s stock, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently bought and sold shares of the business. Legend Financial Advisors Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at about $27,000. Blue Trust Inc. lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 394 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $60,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter worth approximately $73,000. Finally, Covestor Ltd increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 31.1% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 530 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

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.