Hannon Armstrong Sustnbl Infrstr Cap (HASI) Stock Rating Lowered by UBS Group

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Friday, 99wallstreet.com reports. They currently have a $23.00 target price on the real estate investment trust’s stock, up from their prior target price of $22.00. UBS Group’s target price would indicate a potential upside of 0.66% from the stock’s current price.

HASI has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Hannon Armstrong Sustnbl Infrstr Cap from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. ValuEngine raised Hannon Armstrong Sustnbl Infrstr Cap from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. TheStreet raised Hannon Armstrong Sustnbl Infrstr Cap from a “c” rating to a “b” rating in a research note on Wednesday, October 31st. Cowen reaffirmed a “buy” rating and set a $27.00 price target on shares of Hannon Armstrong Sustnbl Infrstr Cap in a research note on Friday, November 9th. Finally, Zacks Investment Research lowered Hannon Armstrong Sustnbl Infrstr Cap from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.71.

Shares of HASI stock opened at $22.85 on Friday. The company has a debt-to-equity ratio of 2.37, a current ratio of 33.99 and a quick ratio of 33.99. Hannon Armstrong Sustnbl Infrstr Cap has a 12-month low of $17.33 and a 12-month high of $24.48. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.13 and a beta of 0.86.

In related news, Director Richard J. Osborne acquired 2,500 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were purchased at an average price of $22.87 per share, for a total transaction of $57,175.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel K. Mcmahon sold 20,000 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $22.84, for a total value of $456,800.00. Following the completion of the transaction, the executive vice president now owns 287,571 shares in the company, valued at approximately $6,568,121.64. The disclosure for this sale can be found here. In the last quarter, insiders bought 6,879 shares of company stock worth $159,432. Company insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth about $199,000. CIBC World Markets Inc. purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth about $208,000. BSW Wealth Partners purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth about $213,000. Aperio Group LLC purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the second quarter worth about $238,000. Finally, Private Advisor Group LLC purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap in the third quarter worth about $265,000. Hedge funds and other institutional investors own 68.13% of the company’s stock.

About Hannon Armstrong Sustnbl Infrstr Cap

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 enhancing or installing various building components, 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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Analyst Recommendations for Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI)

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