Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Upgraded at Citigroup

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Get Free Report) was upgraded by Citigroup from a "neutral" rating to a "buy" rating in a report released on Wednesday, Marketbeat reports. The firm presently has a $36.00 price target on the real estate investment trust's stock. Citigroup's target price indicates a potential upside of 30.81% from the stock's previous close.

A number of other brokerages also recently weighed in on HASI. The Goldman Sachs Group decreased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. StockNews.com lowered shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Baird R W raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th. Bank of America assumed coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Monday, November 25th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Robert W. Baird raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Hannon Armstrong Sustainable Infrastructure Capital presently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

Hannon Armstrong Sustainable Infrastructure Capital Stock Performance

Shares of HASI stock traded down $0.11 during mid-day trading on Wednesday, reaching $27.52. The stock had a trading volume of 1,726,817 shares, compared to its average volume of 1,080,103. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $21.77 and a 1-year high of $36.56. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.21 and a beta of 1.94. The company has a current ratio of 13.55, a quick ratio of 13.55 and a debt-to-equity ratio of 1.78. The business's fifty day moving average is $29.48 and its 200-day moving average is $31.45.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn acquired 3,500 shares of the business's stock in a transaction on Monday, November 11th. The shares were bought at an average price of $28.71 per share, with a total value of $100,485.00. Following the completion of the acquisition, the chief financial officer now owns 56,791 shares in the company, valued at $1,630,469.61. This trade represents a 6.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 3.9% during 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 stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 1.0% in 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the third quarter. Geode Capital Management LLC now owns 2,636,884 shares of the real estate investment trust's stock valued at $90,912,000 after purchasing an additional 53,799 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the third quarter worth approximately $73,622,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.9% during the third quarter. Vontobel Holding Ltd. now owns 1,343,068 shares of the real estate investment trust's stock worth $46,296,000 after purchasing an additional 11,632 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

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.