Consolidated Portfolio Review Corp cut its position in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI – Free Report) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,337 shares of the real estate investment trust’s stock after selling 1,478 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Hannon Armstrong Sustainable Infrastructure Capital were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.1% in the third quarter. JPMorgan Chase & Co. now owns 300,587 shares of the real estate investment trust’s stock valued at $10,361,000 after purchasing an additional 89,126 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 4th quarter valued at approximately $2,451,000. Harbor Capital Advisors Inc. boosted its stake in 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 valued at $1,932,000 after purchasing an additional 21,446 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Hannon Armstrong Sustainable Infrastructure Capital by 16.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 197,921 shares of the real estate investment trust’s stock valued at $6,822,000 after buying an additional 27,529 shares during the last quarter. Finally, Creative Planning bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth approximately $548,000. Institutional investors own 96.14% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on HASI. StockNews.com cut Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Thursday. They issued a “buy” rating and a $40.00 price target for the company. Bank of America assumed coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Monday, November 25th. They set a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Hannon Armstrong Sustainable Infrastructure Capital from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup raised Hannon Armstrong Sustainable Infrastructure Capital from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.23.
Hannon Armstrong Sustainable Infrastructure Capital Stock Performance
Hannon Armstrong Sustainable Infrastructure Capital stock opened at $28.21 on Friday. The firm has a market capitalization of $3.34 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.05 and a beta of 1.95. The stock has a fifty day moving average price of $28.22 and a two-hundred day moving average price of $31.03. Hannon Armstrong Sustainable Infrastructure Capital, Inc. has a 52-week low of $23.14 and a 52-week high of $36.56. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55.
Insider Transactions at Hannon Armstrong Sustainable Infrastructure Capital
In other news, CFO Marc T. Pangburn purchased 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now directly owns 56,791 shares in the company, valued at approximately $1,630,469.61. This represents a 6.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.
Hannon Armstrong Sustainable Infrastructure Capital Company Profile
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.
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