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

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Free Report) had its price target lowered by JPMorgan Chase & Co. from $42.00 to $39.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust's stock.

A number of other research analysts have also recently issued reports on the stock. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th. The Goldman Sachs Group lowered their price target on Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. StockNews.com lowered Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a research note on Monday, November 11th. Citigroup raised 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, Bank of America started coverage on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They issued a "buy" rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of Hannon Armstrong Sustainable Infrastructure Capital stock traded up $0.58 during trading on Thursday, reaching $27.26. The company's stock had a trading volume of 1,460,850 shares, compared to its average volume of 1,019,930. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $22.59 and a 52 week high of $36.56. The firm has a market cap of $3.23 billion, a PE ratio of 15.31, a P/E/G ratio of 1.00 and a beta of 1.94. The business's 50-day moving average price is $28.48 and its 200-day moving average price is $31.24. The company has a quick ratio of 13.55, a current ratio of 13.55 and a debt-to-equity ratio of 1.78.

Hannon Armstrong Sustainable Infrastructure Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were issued a dividend of $0.415 per share. The ex-dividend date was Monday, December 30th. This represents a $1.66 annualized dividend and a dividend yield of 6.09%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is currently 93.26%.

Insider Activity

In related news, CFO Marc T. Pangburn purchased 3,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $28.71 per share, with a total value of $100,485.00. Following the transaction, the chief financial officer now owns 56,791 shares of the company's stock, valued at $1,630,469.61. This represents a 6.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 3.9% in the third quarter. Wellington Management Group LLP now owns 13,206,158 shares of the real estate investment trust's stock worth $455,216,000 after buying an additional 491,585 shares during the last quarter. State Street Corp grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% during the 3rd quarter. State Street Corp now owns 4,426,317 shares of the real estate investment trust's stock valued at $152,575,000 after purchasing an additional 42,762 shares in the last quarter. Geode Capital Management LLC grew its position in Hannon Armstrong Sustainable Infrastructure Capital by 2.1% during the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust's stock worth $90,912,000 after buying an additional 53,799 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the 3rd quarter valued at about $73,622,000. Finally, Vontobel Holding Ltd. raised its stake in Hannon Armstrong Sustainable Infrastructure Capital by 0.9% in the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust's stock valued at $46,296,000 after purchasing an additional 11,632 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.