Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research cut shares of Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) from a buy rating to a hold rating in a research note issued to investors on Friday morning, Zacks.com reports.

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. “

Separately, Roth Capital set a $30.00 target price on shares of Hannon Armstrong Sustnbl Infrstr Cap and gave the company a buy rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $27.00.

HASI stock opened at $26.87 on Friday. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $18.83 and a 12 month high of $28.67. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 10.47 and a beta of 1.03. The company’s 50 day simple moving average is $27.78. The company has a current ratio of 29.45, a quick ratio of 29.45 and a debt-to-equity ratio of 1.48.

Hannon Armstrong Sustnbl Infrstr Cap (NYSE:HASI) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Hannon Armstrong Sustnbl Infrstr Cap had a net margin of 37.56% and a return on equity of 9.10%. The business had revenue of $16.40 million for the quarter, compared to analyst estimates of $16.55 million. Equities analysts forecast that Hannon Armstrong Sustnbl Infrstr Cap will post 1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 5th were given a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.34 annualized dividend and a dividend yield of 4.99%. Hannon Armstrong Sustnbl Infrstr Cap’s dividend payout ratio (DPR) is presently 112.61%.

In other news, insider Jeffrey Eckel purchased 985 shares of Hannon Armstrong Sustnbl Infrstr Cap stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $26.82 per share, for a total transaction of $26,417.70. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $26.00, for a total transaction of $130,000.00. Following the completion of the sale, the executive vice president now owns 238,233 shares of the company’s stock, valued at approximately $6,194,058. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC acquired a new position in Hannon Armstrong Sustnbl Infrstr Cap in the 1st quarter valued at approximately $25,000. Glassman Wealth Services increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 129.9% during the 1st quarter. Glassman Wealth Services now owns 1,129 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 638 shares during the last quarter. Advisory Alpha LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth $37,000. Private Capital Group LLC acquired a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the 1st quarter worth $54,000. Finally, Versant Capital Management Inc increased its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 4,566.7% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 71.82% 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 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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