Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Now Covered by Truist Financial

Stock analysts at Truist Financial began coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $40.00 price target on the real estate investment trust's stock. Truist Financial's price objective indicates a potential upside of 41.79% from the stock's current price.

A number of other analysts also recently issued reports on 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 for the company in a research report on Thursday, January 23rd. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They issued a "buy" rating and a $40.00 price objective for the company. The Goldman Sachs Group dropped their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. 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. Finally, StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.23.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded down $0.07 on Thursday, reaching $28.21. 692,697 shares of the company traded hands, compared to its average volume of 1,026,720. The company has a 50 day moving average of $28.16 and a 200 day moving average of $31.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 13.55 and a quick ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $23.14 and a 52 week high of $36.56. The firm has a market capitalization of $3.34 billion, a PE ratio of 15.85, a PEG ratio of 1.06 and a beta of 1.95.

Insiders Place Their Bets

In other news, CFO Marc T. Pangburn bought 3,500 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings 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 worth $10,361,000 after buying an additional 89,126 shares during the period. Pallas Capital Advisors LLC bought a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter worth $2,451,000. Harbor Capital Advisors Inc. lifted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 42.4% in 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 during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 16.2% during 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 purchasing an additional 27,529 shares in the last quarter. Finally, Creative Planning purchased a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter valued at about $548,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.