Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $27.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.68% from the company’s current price.

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. “

Several other equities analysts also recently weighed in on HASI. Roth Capital set a $25.00 target price on Hannon Armstrong Sustainable Infrastructure Capital and gave the company a “buy” rating in a research report on Tuesday, May 2nd. BidaskClub upgraded Hannon Armstrong Sustainable Infrastructure Capital from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Cowen and Company restated an “outperform” rating and issued a $28.00 target price (up previously from $25.00) on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Thursday, June 22nd. FBR & Co restated a “buy” rating and issued a $26.00 target price on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Friday, June 30th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Hannon Armstrong Sustainable Infrastructure Capital in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.44.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE HASI) traded down 0.08% during mid-day trading on Wednesday, reaching $23.75. The company’s stock had a trading volume of 255,853 shares. The firm’s 50 day moving average is $23.18 and its 200-day moving average is $21.14. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $18.02 and a 12-month high of $25.21. The company has a market cap of $1.23 billion, a PE ratio of 43.03 and a beta of 0.96.

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In related news, EVP Daniel K. Mcmahon sold 5,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $22.22, for a total value of $111,100.00. Following the completion of the sale, the executive vice president now owns 268,167 shares of the company’s stock, valued at $5,958,670.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathaniel Rose sold 6,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $22.39, for a total value of $134,340.00. Following the completion of the sale, the chief operating officer now directly owns 303,506 shares of the company’s stock, valued at approximately $6,795,499.34. The disclosure for this sale can be found here. 7.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Everett Harris & Co. CA boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 9.9% in the first quarter. Everett Harris & Co. CA now owns 16,600 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 1,500 shares in the last quarter. Strs Ohio boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 4.4% in the first quarter. Strs Ohio now owns 14,200 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 600 shares during the period. Janney Montgomery Scott LLC boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 9.2% in the first quarter. Janney Montgomery Scott LLC now owns 63,061 shares of the real estate investment trust’s stock valued at $1,274,000 after buying an additional 5,311 shares during the period. Dubuque Bank & Trust Co. boosted its stake in Hannon Armstrong Sustainable Infrastructure Capital by 11.3% in the first quarter. Dubuque Bank & Trust Co. now owns 18,489 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 1,877 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the first quarter valued at about $103,000. 70.60% of the stock is owned by hedge funds and other 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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