Zacks Investment Research downgraded shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) from a buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Hannon Armstrong Sustainable Infrastructure Capital, Inc. is a real estate investment trust. The Company provides debt and equity financing for infrastructure projects. Its infrastructure projects include Energy Efficiency Projects, Clean Energy Projects and Other Sustainable Infrastructure Projects. The company serves federal, state and local governments, commercial, utility, and industrial markets. Hannon Armstrong Sustainable Infrastructure Capital, Inc. is based in Annapolis, Maryland. “

HASI has been the subject of a number of other reports. BidaskClub cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a strong-buy rating to a buy rating in a research report on Friday, June 30th. Morgan Stanley restated an equal weight rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. Cowen and Company restated a buy rating and issued a $28.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, September 28th. FBR & Co restated a buy rating and issued a $26.00 price target on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. Finally, Oppenheimer Holdings, Inc. restated a buy rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $25.25.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) traded down 1.16% during mid-day trading on Wednesday, hitting $23.82. 186,100 shares of the stock traded hands. The firm’s 50-day moving average price is $23.78 and its 200-day moving average price is $22.62. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $24.66. The firm has a market cap of $1.23 billion, a P/E ratio of 43.15 and a beta of 0.96.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Wednesday, October 4th. Hannon Armstrong Sustainable Infrastructure Capital’s dividend payout ratio (DPR) is currently 244.44%.

In other Hannon Armstrong Sustainable Infrastructure Capital news, EVP Daniel K. Mcmahon sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $24.11, for a total value of $120,550.00. Following the completion of the transaction, the executive vice president now directly owns 263,167 shares in the company, valued at approximately $6,344,956.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nathaniel Rose sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were 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 owns 297,506 shares of the company’s stock, valued at $7,095,518.10. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Delta Lloyd Asset Management N.V. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at $4,574,000. US Bancorp DE boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 7.4% in the 2nd quarter. US Bancorp DE now owns 5,798 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 400 shares during the last quarter. TD Asset Management Inc. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at $517,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hannon Armstrong Sustainable Infrastructure Capital by 9.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,370 shares of the real estate investment trust’s stock valued at $1,655,000 after purchasing an additional 6,434 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 1st quarter valued at $237,000. 73.29% of the stock is currently owned by institutional investors.

About Hannon Armstrong Sustainable Infrastructure Capital

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.

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