Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

HASI has been the subject of several other reports. Zacks Investment Research cut shares of Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Morgan Stanley reissued an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. FBR & Co reissued 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. Cowen and Company set a $28.00 price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research report on Monday. Finally, Oppenheimer Holdings, Inc. reissued 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 nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.44.

Hannon Armstrong Sustainable Infrastructure Capital (HASI) opened at 23.20 on Friday. The company has a market capitalization of $1.20 billion, a P/E ratio of 42.03 and a beta of 0.96. Hannon Armstrong Sustainable Infrastructure Capital has a 1-year low of $18.02 and a 1-year high of $25.21. The company has a 50-day moving average of $23.29 and a 200-day moving average of $21.79.

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In related news, EVP Daniel K. Mcmahon sold 5,000 shares of the business’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 transaction of $120,550.00. Following the completion of the transaction, the executive vice president now owns 263,167 shares in the company, valued at approximately $6,344,956.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Eckel acquired 2,725 shares of Hannon Armstrong Sustainable Infrastructure Capital stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average price 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 disclosure for this purchase can be found here. Insiders own 7.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. raised its position in 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 valued at $101,000 after buying an additional 350 shares during the period. ProShare Advisors LLC bought a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth about $103,000. US Bancorp DE raised its position in shares of 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 during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of 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 during the last quarter. Finally, Creative Planning raised its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 71.48% of the company’s stock.

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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