Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has been assigned a $28.00 price target by Cowen and Company in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Cowen and Company’s price target points to a potential upside of 19.66% from the stock’s current price.

Several other research firms have also recently weighed in on HASI. Roth Capital set a $25.00 price target on Hannon Armstrong Sustainable Infrastructure Capital and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Zacks Investment Research cut Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Morgan Stanley restated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.44.

Shares of Hannon Armstrong Sustainable Infrastructure Capital (HASI) opened at 23.40 on Monday. Hannon Armstrong Sustainable Infrastructure Capital has a 52 week low of $18.02 and a 52 week high of $25.21. The stock has a 50 day moving average of $23.21 and a 200-day moving average of $21.65. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 42.39 and a beta of 0.96.

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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 shares were acquired at an average cost of $22.51 per share, for a total transaction of $61,339.75. Following the completion of the acquisition, the insider now directly owns 835,826 shares of the company’s stock, valued at approximately $18,814,443.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $143,100.00. Following the completion of the sale, the executive vice president now owns 297,506 shares in the company, 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.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake 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 valued at $101,000 after buying an additional 350 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at approximately $103,000. US Bancorp DE boosted its stake 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 valued at $108,000 after buying an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 valued at $122,000 after buying an additional 5,151 shares during the last quarter. Finally, Creative Planning boosted its stake 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 valued at $149,000 after buying an additional 2,946 shares during the last quarter. Institutional investors and hedge funds own 71.48% of the company’s stock.

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.

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

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