Wells Fargo & Company Initiates Coverage on Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

Equities researchers at Wells Fargo & Company started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $33.00 price target on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 14.70% from the company’s current price.

Several other analysts have also issued reports on the company. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. 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. Truist Financial started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, February 6th. They set a “buy” rating and a $40.00 price objective for the company. Bank of America began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.71.

Hannon Armstrong Sustainable Infrastructure Capital Trading Up 0.6 %

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.77 on Thursday. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $24.00 and a 12-month high of $36.56. The company has a quick ratio of 13.55, a current ratio of 11.25 and a debt-to-equity ratio of 1.83. The business’s 50 day moving average is $27.74 and its 200-day moving average is $30.70. The stock has a market cap of $3.43 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.06 and a beta of 1.95.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $37.74 million during the quarter, compared to analyst estimates of $25.93 million. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 52.15% and a return on equity of 11.84%. Equities research analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of large investors have recently bought and sold shares of HASI. Amalgamated Bank lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.1% during the 4th quarter. Amalgamated Bank now owns 34,501 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 377 shares during the period. Blue Trust Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 57.8% during the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 394 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,294 shares of the real estate investment trust’s stock worth $679,000 after purchasing an additional 402 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 17,947 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 432 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 46.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,380 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 439 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.