Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) has recently received a number of price target changes and ratings updates:
- 10/20/2023 – Hannon Armstrong Sustainable Infrastructure Capital is now covered by analysts at BNP Paribas. They set an “outperform” rating and a $29.00 price target on the stock.
- 10/17/2023 – Hannon Armstrong Sustainable Infrastructure Capital was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $23.00 price target on the stock.
- 10/13/2023 – Hannon Armstrong Sustainable Infrastructure Capital was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 10/10/2023 – Hannon Armstrong Sustainable Infrastructure Capital had its price target lowered by analysts at Robert W. Baird from $44.00 to $28.00.
- 10/5/2023 – Hannon Armstrong Sustainable Infrastructure Capital is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
- 10/3/2023 – Hannon Armstrong Sustainable Infrastructure Capital had its price target lowered by analysts at Morgan Stanley from $26.00 to $23.00. They now have an “equal weight” rating on the stock.
- 9/20/2023 – Hannon Armstrong Sustainable Infrastructure Capital had its price target lowered by analysts at Morgan Stanley from $34.00 to $26.00. They now have an “equal weight” rating on the stock.
Hannon Armstrong Sustainable Infrastructure Capital Stock Up 6.7 %
Shares of NYSE HASI opened at $18.34 on Wednesday. The company has a current ratio of 20.65, a quick ratio of 20.65 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $1.97 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 0.87 and a beta of 1.69. The stock’s fifty day simple moving average is $20.70 and its two-hundred day simple moving average is $24.01. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 12-month low of $13.22 and a 12-month high of $39.67.
Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $74.33 million during the quarter, compared to analysts’ expectations of $32.13 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 10.20% and a net margin of 19.94%. During the same quarter last year, the firm earned $0.60 EPS. As a group, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital, Inc. will post 1.96 EPS for the current fiscal year.
Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement
Insider Buying and Selling
In other news, insider Jeffrey Eckel bought 2,525 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $19.76 per share, for a total transaction of $49,894.00. Following the purchase, the insider now directly owns 19,162 shares of the company’s stock, valued at approximately $378,641.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Richard Santoroski acquired 2,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $20.46 per share, for a total transaction of $51,150.00. Following the purchase, the executive vice president now owns 2,500 shares of the company’s stock, valued at approximately $51,150. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Eckel acquired 2,525 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, August 21st. The shares were bought at an average price of $19.76 per share, with a total value of $49,894.00. Following the purchase, the insider now directly owns 19,162 shares in the company, valued at approximately $378,641.12. The disclosure for this purchase can be found here. Insiders bought 22,025 shares of company stock worth $458,814 in the last 90 days. Insiders own 2.30% of the company’s stock.
Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital
Several institutional investors and hedge funds have recently modified their holdings of HASI. Chilton Capital Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth about $29,000. HBC Financial Services PLLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 300.0% in the 1st quarter. HBC Financial Services PLLC now owns 1,200 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 900 shares during the last quarter. Hall Laurie J Trustee boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 134.9% in the 2nd quarter. Hall Laurie J Trustee now owns 1,393 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 800 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter worth about $38,000. Finally, CWM LLC boosted its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 33.1% in the 2nd quarter. CWM LLC now owns 1,969 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.
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 building or facility that reduce energy usage or cost through the use of solar generation and energy storage or energy efficiency improvements, including heating, ventilation, and air conditioning systems (HVAC), as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.
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