BidaskClub upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) from a hold rating to a buy rating in a report released on Monday.

Other analysts have also issued research reports about the stock. FBR & Co reiterated a buy rating and set a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Friday, June 30th. Cowen and Company set a $28.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the company a buy rating in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a hold rating to a buy rating and set a $27.00 target price for the company in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, August 8th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Hannon Armstrong Sustainable Infrastructure Capital has an average rating of Buy and an average target price of $25.25.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) opened at 24.1998 on Monday. The firm’s 50-day moving average is $23.54 and its 200 day moving average is $22.18. Hannon Armstrong Sustainable Infrastructure Capital has a 12 month low of $18.02 and a 12 month high of $24.66. The stock has a market capitalization of $1.25 billion, a P/E ratio of 43.8402 and a beta of 0.96.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.32 annualized dividend and a dividend yield of 5.47%. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is currently 244.44%.

In other news, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $23.85, for a total transaction of $143,100.00. Following the completion of the transaction, the executive vice president now owns 297,506 shares in the company, valued at $7,095,518.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $24.11, for a total transaction of $120,550.00. Following the transaction, the executive vice president now owns 263,167 shares of the company’s stock, valued at approximately $6,344,956.37. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Delta Lloyd Asset Management N.V. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $4,574,000. US Bancorp DE grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.4% during the second quarter. US Bancorp DE now owns 5,798 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 400 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $517,000. JPMorgan Chase & Co. bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $237,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 196,560 shares of the real estate investment trust’s stock worth $3,971,000 after acquiring an additional 10,212 shares during the last quarter. Institutional investors and hedge funds own 71.07% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc makes debt and equity investments in sustainable infrastructure, including energy efficiency and renewable energy. The Company focuses on providing preferred or senior level capital to sponsors and obligors for assets that generate long-term, recurring and predictable cash flows.

Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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