Todays Report: Today, Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) Upgrade to Strong-Buy by The Zacks Investment Research

Today, Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) Upgrade to Strong-Buy by The Zacks Investment Research

Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $24.00 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 15.16% from the stock’s current price.

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 research firms have also recently issued reports on HASI. Barclays PLC began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, September 8th. They set an “overweight” rating and a $27.00 target price for the company. Robert W. Baird set a $27.00 target price on Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a research report on Wednesday, September 21st. FBR & Co reiterated a “buy” rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, August 5th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Wednesday, July 13th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $25.20.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded up 0.53% during trading on Tuesday, reaching $20.84. The company’s stock had a trading volume of 111,763 shares. The stock has a market cap of $875.05 million, a price-to-earnings ratio of 73.90 and a beta of 1.09. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $15.69 and a 12-month high of $25.21. The company has a 50 day moving average of $21.24 and a 200-day moving average of $21.88.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The business earned $19.01 million during the quarter, compared to analysts’ expectations of $10.01 million. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 8.31% and a net margin of 26.14%. During the same quarter in the prior year, the business posted $0.26 earnings per share. Analysts forecast that Hannon Armstrong Sustainable Infrastructure Capital will post $1.22 EPS for the current year.

In other news, insider Jeffrey Eckel purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was bought at an average cost of $19.78 per share, with a total value of $98,900.00. Following the completion of the purchase, the insider now owns 1,123,118 shares in the company, valued at $22,215,274.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HASI. Teacher Retirement System of Texas raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,091 shares of the company’s stock worth $110,000 after buying an additional 617 shares during the last quarter. Creative Planning purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth approximately $115,000. US Bancorp DE raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 11.1% in the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $116,000 after buying an additional 500 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.2% in the third quarter. D.A. Davidson & CO. now owns 5,113 shares of the company’s stock worth $119,000 after buying an additional 206 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth approximately $127,000. 66.46% of the stock is owned by institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides debt and equity financing to the energy efficiency and renewable energy markets. The Company originates its transactions primarily through programmatic finance relationships with global energy service companies. It also originates transactions with renewable energy manufacturers, developers and operators, and other companies, which own and operate renewable energy projects, including various utility companies of the United States.

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