Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $27.00 price target on the real estate investment trust’s stock.

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. “

Several other analysts have also recently weighed in on HASI. Oppenheimer Holdings, Inc. reissued a buy rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday. BidaskClub raised Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a buy rating in a report on Tuesday. Cowen and Company reissued an outperform rating and set a $28.00 price objective (up from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday, June 22nd. Morgan Stanley reissued an equal weight rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. Finally, FBR & Co reissued a buy rating and set a $26.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Friday, June 30th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of Buy and a consensus price target of $25.44.

Hannon Armstrong Sustainable Infrastructure Capital (HASI) traded down 0.13% during trading on Wednesday, hitting $23.22. 168,558 shares of the stock traded hands. The firm’s 50-day moving average is $23.19 and its 200 day moving average is $21.30. The stock has a market cap of $1.20 billion, a P/E ratio of 42.07 and a beta of 0.96. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $25.21.

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The business also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th were given a dividend of $0.33 per share. The ex-dividend date was Monday, July 3rd. This represents a $1.32 annualized dividend and a dividend yield of 5.68%. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 244.44%.

In related news, insider Jeffrey Eckel bought 2,725 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was bought at an average cost of $22.51 per share, for a total transaction of $61,339.75. Following the transaction, the insider now owns 835,826 shares of the company’s stock, valued at $18,814,443.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $22.22, for a total value of $111,100.00. Following the transaction, the executive vice president now owns 268,167 shares of the company’s stock, valued at $5,958,670.74. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 40,460.6% in the first quarter. BlackRock Inc. now owns 4,377,300 shares of the real estate investment trust’s stock valued at $88,421,000 after buying an additional 4,366,508 shares during the last quarter. GCA Investment Management LLC raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 53.1% in the first quarter. GCA Investment Management LLC now owns 958,160 shares of the real estate investment trust’s stock valued at $19,355,000 after buying an additional 332,145 shares during the last quarter. UBS Group AG raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 29.0% in the first quarter. UBS Group AG now owns 1,356,323 shares of the real estate investment trust’s stock valued at $27,398,000 after buying an additional 304,688 shares during the last quarter. Vanguard Group Inc. raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 13.9% in the first quarter. Vanguard Group Inc. now owns 1,974,937 shares of the real estate investment trust’s stock valued at $39,893,000 after buying an additional 240,409 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC raised its position in Hannon Armstrong Sustainable Infrastructure Capital by 12.2% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 1,850,355 shares of the real estate investment trust’s stock valued at $37,377,000 after buying an additional 201,620 shares during the last quarter. Institutional investors own 70.60% of the company’s stock.

About Hannon Armstrong Sustainable Infrastructure Capital

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.

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