Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its target price decreased by analysts at JPMorgan Chase & Co. from $42.00 to $39.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 46.14% from the stock’s previous close.

Several other research firms also recently issued reports on HASI. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research note on Friday, September 27th. Robert W. Baird boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Bank of America began coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Citigroup upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Trading Down 1.3 %

HASI traded down $0.36 during trading on Thursday, hitting $26.69. 150,789 shares of the company’s stock were exchanged, compared to its average volume of 911,914. The stock has a 50 day moving average price of $28.49 and a 200 day moving average price of $31.29. Hannon Armstrong Sustainable Infrastructure Capital has a 1 year low of $22.59 and a 1 year high of $36.56. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The firm has a market cap of $3.16 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.94.

Insiders Place Their Bets

In other Hannon Armstrong Sustainable Infrastructure Capital news, CFO Marc T. Pangburn bought 3,500 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the purchase, the chief financial officer now directly owns 56,791 shares in the company, valued at $1,630,469.61. The trade was a 6.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Hannon Armstrong Sustainable Infrastructure Capital

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock worth $10,361,000 after purchasing an additional 89,126 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth approximately $2,451,000. Harbor Capital Advisors Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,995 shares of the real estate investment trust’s stock worth $1,932,000 after purchasing an additional 21,446 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during the third quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after purchasing an additional 27,529 shares during the period. Finally, Creative Planning bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth $548,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.