Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also recently commented on HASI. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, August 9th. Cowen and Company restated an “outperform” rating and issued a $28.00 price objective (up previously from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, June 22nd. Morgan Stanley restated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. Finally, FBR & Co restated a “buy” rating and issued a $26.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $25.44.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) opened at 23.65 on Thursday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 42.84 and a beta of 0.96. The company has a 50-day moving average price of $23.17 and a 200 day moving average price of $21.60. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $18.02 and a 1-year high of $25.21.

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In related news, insider Jeffrey Eckel bought 2,725 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average cost of $22.51 per share, with a total value of $61,339.75. Following the purchase, the insider now owns 835,826 shares in the company, valued at $18,814,443.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $23.85, for a total transaction of $143,100.00. Following the completion of the transaction, the executive vice president now directly owns 297,506 shares of the company’s stock, valued at $7,095,518.10. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. Advisor Group Inc. raised its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 8.5% in the second quarter. Advisor Group Inc. now owns 4,444 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 350 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth $103,000. US Bancorp DE increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 8.0% in the first quarter. US Bancorp DE now owns 5,398 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 400 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 2,784.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 5,151 shares in the last quarter. Finally, Creative Planning increased its position in Hannon Armstrong Sustainable Infrastructure Capital by 83.0% in the second quarter. Creative Planning now owns 6,496 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 2,946 shares in the last quarter. 69.28% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI)

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