Zacks Investment Research cut shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) from a hold rating to a sell rating in a research report released on Monday.

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. “

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reiterated an equal weight rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. Cowen and Company reiterated a buy rating and set a $28.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, September 28th. BidaskClub cut Hannon Armstrong Sustainable Infrastructure Capital from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $26.00 to $28.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of Buy and a consensus target price of $25.50.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) opened at $23.59 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $25.28. The stock has a market capitalization of $1,247.61, a PE ratio of 21.57, a P/E/G ratio of 1.75 and a beta of 0.95. The company has a quick ratio of 1.11, a current ratio of 2.74 and a debt-to-equity ratio of 2.13.

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The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Thursday, October 5th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Wednesday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio is presently 220.00%.

In other news, EVP Daniel K. Mcmahon sold 5,000 shares of the business’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 completion of the transaction, the executive vice president now owns 263,167 shares of the company’s stock, valued at $6,344,956.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nathaniel Rose sold 6,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $23.85, for a total value of $143,100.00. Following the transaction, the executive vice president now directly owns 297,506 shares of the company’s stock, valued at approximately $7,095,518.10. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of HASI. Advisor Group Inc. grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.5% during the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 350 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2,784.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 5,151 shares in the last quarter. US Bancorp DE grew its holdings 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 purchasing an additional 400 shares in the last quarter. Creative Planning grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 83.0% during the second quarter. Creative Planning now owns 6,496 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 2,946 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the second quarter worth about $191,000. 70.31% of the stock is owned by institutional investors.

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.

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