Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded to Buy at Citigroup

Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, MarketBeat reports. The firm currently has $36.00 price target on the real estate investment trust’s stock.

A number of other brokerages have also commented on HASI. Robert W. Baird raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. The Goldman Sachs Group lowered their price objective 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. Bank of America started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Baird R W upgraded Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 2.2 %

HASI opened at $27.01 on Wednesday. Hannon Armstrong Sustainable Infrastructure Capital has a one year low of $21.77 and a one year high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. The business has a 50 day simple moving average of $29.18 and a two-hundred day simple moving average of $31.40. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 1.21 and a beta of 1.94.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date was Monday, December 30th. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is 93.26%.

Insider Activity at Hannon Armstrong Sustainable Infrastructure Capital

In other news, CFO Marc T. Pangburn purchased 3,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the acquisition, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HASI. Oppenheimer & Co. Inc. raised its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock worth $6,822,000 after purchasing an additional 27,529 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $1,742,000. Creative Planning purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $548,000. Encompass Capital Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the second quarter worth approximately $18,759,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at approximately $5,616,000. 96.14% of the stock is owned by institutional investors.

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.