UBS Group Increases Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) Price Target to $29.00

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) had its target price boosted by equities research analysts at UBS Group from $27.00 to $29.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price objective points to a potential downside of 0.85% from the stock’s previous close.

HASI has been the subject of a number of other research reports. Zacks Investment Research raised shares of Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating and set a $33.00 price objective for the company in a report on Thursday. ValuEngine cut shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $29.50.

HASI opened at $29.25 on Friday. Hannon Armstrong Sustnbl Infrstr Cap has a fifty-two week low of $18.83 and a fifty-two week high of $31.22. The company has a debt-to-equity ratio of 1.54, a quick ratio of 23.23 and a current ratio of 29.13. The company has a fifty day moving average of $29.10 and a two-hundred day moving average of $27.75. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 9.11 and a beta of 1.02.

In other Hannon Armstrong Sustnbl Infrstr Cap news, EVP Steven Chuslo sold 11,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.27, for a total value of $299,970.00. Following the completion of the transaction, the executive vice president now owns 303,404 shares of the company’s stock, valued at $8,273,827.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in HASI. First Trust Advisors LP increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 81.9% during the first quarter. First Trust Advisors LP now owns 173,815 shares of the real estate investment trust’s stock worth $4,457,000 after purchasing an additional 78,256 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 5.5% during the second quarter. Campbell & CO Investment Adviser LLC now owns 18,792 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 982 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 73.3% during the second quarter. Nisa Investment Advisors LLC now owns 5,986 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 2,531 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 4,566.7% during the second quarter. Versant Capital Management Inc now owns 2,800 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,740 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 6.1% during the second quarter. Commonwealth Equity Services LLC now owns 327,057 shares of the real estate investment trust’s stock worth $9,216,000 after purchasing an additional 18,662 shares in the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

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 the use of solar generation, 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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