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Hannon Armstrong Inks Deal with CSRE for C-PACE Projects
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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) has made the announcement to work jointly with CounterPointe Sustainable Real Estate LLC ("CSRE") on Commercial Property Assessed Clean Energy (“C-PACE”) opportunities. This partnership will allow the company to raise programmatic C-PACE transactions across the U.S. Further, this will aid in upgrading infrastructure in the built environment, opening up new job opportunities and lowering carbon footprint.
Hannon Armstrong is an Annapolis, MD-based real estate investment trust (“REIT”) which invests in the energy efficiency, wind and solar markets. On the other hand, CSRE is an affiliate of CounterPointe Energy Solutions LLC (CounterPointe), focused on the PACE Program. It is responsible for residential and commercial PACE programs in California, Florida and New Jersey. The partnership will combine Hannon Armstrong's deep experience and relationship base in the efficiency and renewable energy markets with CounterPointe's PACE relationships and comprehensive knowledge of commercial real estate finance.
Shares of Hannon Armstrong recorded a gain of 3.2% compared with growth of 9.4% posted by the Zacks categorized REIT Mortgage Trust industry, year to date. However, the company’s current-year estimates moved up 6.7% to 96 cents per share, over the past 60 days.
Hannon Armstrong currently carries a Zacks Rank #2 (Buy).
Some other favorably ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . While AGNC Investment sports a Zacks Rank #1 (Strong Buy), both Seritage Growth and DCT Industrial Trust carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Growth Properties’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
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Hannon Armstrong Inks Deal with CSRE for C-PACE Projects
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) has made the announcement to work jointly with CounterPointe Sustainable Real Estate LLC ("CSRE") on Commercial Property Assessed Clean Energy (“C-PACE”) opportunities. This partnership will allow the company to raise programmatic C-PACE transactions across the U.S. Further, this will aid in upgrading infrastructure in the built environment, opening up new job opportunities and lowering carbon footprint.
Hannon Armstrong is an Annapolis, MD-based real estate investment trust (“REIT”) which invests in the energy efficiency, wind and solar markets. On the other hand, CSRE is an affiliate of CounterPointe Energy Solutions LLC (CounterPointe), focused on the PACE Program. It is responsible for residential and commercial PACE programs in California, Florida and New Jersey. The partnership will combine Hannon Armstrong's deep experience and relationship base in the efficiency and renewable energy markets with CounterPointe's PACE relationships and comprehensive knowledge of commercial real estate finance.
Shares of Hannon Armstrong recorded a gain of 3.2% compared with growth of 9.4% posted by the Zacks categorized REIT Mortgage Trust industry, year to date. However, the company’s current-year estimates moved up 6.7% to 96 cents per share, over the past 60 days.
Hannon Armstrong currently carries a Zacks Rank #2 (Buy).
Some other favorably ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . While AGNC Investment sports a Zacks Rank #1 (Strong Buy), both Seritage Growth and DCT Industrial Trust carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Growth Properties’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>