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Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target Cut to $31.00 by Analysts at The Goldman Sachs Group

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Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI - Free Report) had its price objective decreased by The Goldman Sachs Group from $32.00 to $31.00 in a research note published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the real estate investment trust's stock.

Other research analysts have also issued reports about the stock. Baird R W upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital to a "strong-buy" rating in a research note on Friday, September 27th. Bank of America initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Monday, November 25th. They set a "buy" rating and a $40.00 price target for the company. StockNews.com cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Robert W. Baird lifted their target price on Hannon Armstrong Sustainable Infrastructure Capital from $36.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. Finally, Citigroup upped their price target on Hannon Armstrong Sustainable Infrastructure Capital from $24.00 to $36.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.50.

Get Our Latest Stock Analysis on Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 2.9 %

Shares of HASI traded down $0.84 on Tuesday, reaching $27.88. The stock had a trading volume of 2,059,799 shares, compared to its average volume of 1,080,771. The company has a debt-to-equity ratio of 1.78, a quick ratio of 13.55 and a current ratio of 13.55. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $21.77 and a 12-month high of $36.56. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.24 and a beta of 1.93. The company has a 50-day simple moving average of $31.80 and a 200-day simple moving average of $31.95.

Hannon Armstrong Sustainable Infrastructure Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.415 per share. The ex-dividend date is Monday, December 30th. This represents a $1.66 dividend on an annualized basis and a yield of 5.95%. Hannon Armstrong Sustainable Infrastructure Capital's dividend payout ratio is presently 93.26%.

Insider Buying and Selling

In related news, CFO Marc T. Pangburn bought 3,500 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $28.71 per share, for a total transaction of $100,485.00. Following the completion of the transaction, the chief financial officer now 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HASI. Wellington Management Group LLP raised its stake in 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 valued at $455,216,000 after purchasing an additional 491,585 shares in the last quarter. State Street Corp raised 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 buying an additional 42,762 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 2.1% in the 3rd 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 acquiring an additional 53,799 shares during the last quarter. Erste Asset Management GmbH purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the third quarter worth about $73,622,000. Finally, Bank of New York Mellon Corp increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 18.3% during the second quarter. Bank of New York Mellon Corp now owns 1,728,400 shares of the real estate investment trust's stock worth $51,161,000 after acquiring an additional 267,304 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

About Hannon Armstrong Sustainable Infrastructure Capital

(Get Free Report)

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.

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